TTA acted for WeRide in its IPO, after the self-driving startup raised $440.5 million in its IPO and private placement valuing the company at over US$4B, becoming the latest Chinese firm to capitalize on improving market sentiment.
The strong performance reflects a growing appetite among U.S. investors for Chinese companies, following nearly two years of uncertainty after the ride-hailing giant Didi Global’s delisting due to regulatory backlash in China.