.In this particular image illustration, a WeRide logo of Chinese robotaxi company is actually found on a cell phone and a pc screen.Getty ImagesSelf-driving technology business WeRide postponed its prepare for an initial public offering in the U.S., presenting its demand for more time to complete documents." Improving transaction documents is actually presently taking a lot longer than counted on, and also WeRide is operating to accomplish the information needed to move forward with the deal," the company pointed out in a declaration Thursday. WeRide was actually expected to offer 6.5 million ADS (American depositary allotments) in the variety of $15.50 to $18.50. It was looking to lift around $440 million in an U.S. list that had actually been specified for this week.u00c2 The company, which builds self-driving technology for robotaxis, minibuses and also freight sanitation vehicles, was actually last valued around $5.11 billion as well as has actually elevated $1.39 billion, according to Pitchbook data.Beijing authorization for the offer will expire this week as well as it is actually confusing if the provider would need to have to reapply for authorization if it misses out on the deadline.The firm was established in Silicon Valley in 2017 and also included in the Cayman Islands, just before it released a robotaxi service in Guangzhou, China, in 2019. It applied for an IPO on the Nasdaq in July.It has been a dry market for Mandarin IPOs in the USA recently, as well as numerous were actually viewing WeRide's potential directory for signs of selection up. If finished, the IPO would be just one of the biggest USA listings by a Mandarin business considering that Didi's IPO in 2021.