.In this image picture, a WeRide logo design of Chinese robotaxi agency is seen on a cell phone and also a pc screen.Getty ImagesSelf-driving technology company WeRide delayed its think about an initial public offering in the united state, presenting its own requirement for more opportunity to accomplish papers." Updating transaction documents is currently taking a lot longer than counted on, and WeRide is actually functioning to finish the documents essential to proceed along with the transaction," the firm pointed out in a statement Thursday. WeRide was actually expected to give 6.5 thousand ADS (United States depositary portions) in the stable of $15.50 to $18.50. It was actually hoping to raise around $440 thousand in an USA list that had actually been actually established for this week.u00c2 The company, which creates self-driving innovation for robotaxis, minibuses along with freight hygiene autos, was actually final valued around $5.11 billion and also has raised $1.39 billion, depending on to Pitchbook data.Beijing permission for the offer are going to expire recently and it's uncertain if the company would need to have to reapply for permission if it skips the deadline.The company was actually founded in Silicon Valley in 2017 and also combined in the Cayman Islands, just before it launched a robotaxi company in Guangzhou, China, in 2019. It applied for an IPO on the Nasdaq in July.It has been a completely dry market for Mandarin IPOs in the united state in recent times, as well as several were actually watching WeRide's possible listing for signs of selection up. If completed, the IPO would be among the biggest USA directories by a Chinese firm because Didi's IPO in 2021.