WeRide Files for Biggest U.S. IPO by Chinese Firm Since Didi

(Bloomberg) — Driverless technology startup WeRide Inc. filed for what could be the biggest U.S. initial public offering by a Chinese company since ride-share company Didi Global Inc.’s disastrous 2021 listing.

WeRide said in a filing Friday that it may face “various legal and operational risks and uncertainties associated with being based in or having our operations primarily in mainland China.” The company won’t disclose the number and proposed price range for its American depositary shares until it’s ready to begin marketing them.