Wenyuan Zhixing Submit the first public offering plan in the United States

Chinese autonomous driving startup Wenyuan Zhiyi has submitted the first public offering plan in the United States.

Reuters on Wednesday (October 23) quoted the investment intention report, Wenyuan Zhixing has submitted its first public offering (IPO), as well$ 320.5 billion in private equity programs.

Wenyuan Zhixing will issue 6.5 million U.S. deposit stocks, with a range of $ 15.5 to $ 18.5 per share, and the highest financing amount can reach US $ 119.4 million.The company also plans to raise about 320.5 million US dollars through the simultaneous private equity projects.

IT House reported that the CSRC had confirmed the information on the registration of the overseas listing of Wenyuan in August last year.Wenyuan Zhixing and Xing and Xing had submitted a prospectus to Nasdaq on July 27 this year, but in August this year, it was reported that Wenyuan Zhiye has postponed the IPO listing plan to the United States.

Wen Yuan Zhixing said in the statement: "The time to update the transaction file is currently longer than expected. Weride (Wen Yuan Zhixing) is trying to complete the documents required by the promotion of the exchange."The company was filed with the CSRC again last Thursday (October 17).