- A Chinese company managed to raise $120 mln in its IPO - The company's total valuation was about $4.21 billion - In the IPO, it sold 7.7 million of its shares at $15.5/pc. - The sale was at the low end of the $15.5-18.5 range - At the same time, the company conducted a private placement - WeRide was able to raise another $320.5 million. - WeRide is testing the technology on the roads of 30 citie

The company was founded by Orden Peleg, a former managing director of Oaktree Capital Management and the former CEO of Fitness First, an international gym chain. He was joined by Eyal Malinger as a co-founder. Eyal was a former partner at Beringea and a vice president at Oaktree Capital. Resurge's mission is to work with companies that have grown out of the venture capital model but are still too