US IPO Week Ahead: China-based autonomous driving developer WeRide set to list after delay

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Three IPOs are currently scheduled to list in the week ahead, all based in the Asia Pacific region. China-based autonomous vehicle systems developer WeRide (WRD) is scheduled to raise $110 million at a $5.7 billion market cap, after delaying its listing this past week at the last minute. It is currently operating and testing its products throughout 30 cities in 7 countries, and also offers paid autonomous robotaxi services to the public. Powell Max provides financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Blank check YHN Acquisition I (YHNAU), led by executives from boutique SPAC firm Norwich Capital, plans to raise $60 million.

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