WeRide Inc., a Chinese autonomous driving technology company, witnessed a 21% increase in its American depositary shares (ADS) following its initial public offering (IPO).

The IPO and private placement raised US$440.5 million, with shares reaching US$18.80 in New York, above the US$15.50 IPO price.

The IPO valued WeRide at US$5.2 billion, during which 7.7 million ADS were sold.