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American depositary sharesCNBC
•82% Informative
Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S. , citing the need for more time to complete documents.
Beijing approval for the deal will expire this week and it's unclear if the company would need to reapply for approval if it misses the deadline.
The firm was founded in Silicon Valley in 2017 and incorporated in the Cayman Islands , before it launched a robotaxi service in Guangzhou , China , in 2019 .
VR Score
87
Informative language
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