Wenyuan Zhixing went to the United States to list more than $ 400 million

(Guangzhou Comprehensive News) When the United States is preparing to increase restrictions on China in the field of autonomous driving, Wenyuan, a self -driving company headquartered in Guangzhou, will go public in the United States.S $ 100), it is expected to become China's largest IPO in the United States since 2021.

Comprehensive Bloomberg, Reuters, and First Financial reports, Wenyuan Zhixing said on Friday (August 9) that it would seek an IPO valuation of up to $ 50.02 billion.Related documents show that Wenyuan Zhixing will issue 645 million US deposit stocks at a issue price of 15.50 to $ 18.50 per share.

According to Wenyuan's official website, the company was established in 2017 and has carried out autonomous driving research and development, testing and operation in 30 cities around seven countries around the world, and has autonomous driving licenses in China, Singapore, the United States, and the UAE.Wenyuan Zhixing received the investment of SMRT and Singapore's K3 Ventures. In June this year, it started in Singapore operation drone minibus And Qingdao car.

Since its establishment, Wenyuan Zhiye has not been profitable, and has lost more than 1.3 billion yuan (S $ 240 million) in the past three years.Some people in the industry told the First Financial: "The autonomous driving technology company still has a lot of challenges to achieve large -scale commercialization, and there is still no loss in the short term. This may also be the reason why the company seek listing financing."

At the same time, the United States is preparing to expand its confrontation with China in terms of autonomous driving.Sources predict that in the next few weeks, the US Department of Commerce will propose prohibiting use Chinese software in autonomous driving and networking cars.

The rhythm of Chinese companies' listing in the United States has slowed significantly in recent years.The Chinese online car giant Didi went to the United States in 2021, causing ChinaSupervision.

Wen Yuanzhi is the second large Chinese company seeking listing in the United States this year.In May this year, the high-end electric car brand of Chinese car companies Geely The US dollar, the current transaction price of its stock is 35.6%lower than the issuance price.