Had been set for this week (Il Sole 24 Ore Radiocor) - New York, 22 Aug - Self-driving technology company WeRide has delayed plans for an initial public offering in the US due to its need for more time to complete documents, CNBC reported, citing the company.

'Updating transaction documents is currently taking longer than expected, and WeRide is working to complete the documentation necessary to move forward with the transaction,' CNBC reported the company as saying in a statement.

WeRide was expected to offer 6.5 million American depositary shares in the range of 15.50-18.50 dollars and was looking to raise up to 440 million dollars in the listing that had been set for this week.

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(RADIOCOR) 22-08-24 15:17:07 (0390) 5 NNNN