Wayve Weighs Share Sale on UK Private Market at $8.6 Billion Valuation

1 articles · Updated · Bloomberg · Jun 9

Wayve is considering letting existing investors sell shares through the London Stock Exchange Group’s new private-company trading platform, potentially becoming its first major user.
The autonomous-driving software startup was last valued at $8.6 billion in a February funding round, giving the planned sale added weight as an early test of the UK venue.
Shareholders still need to vote on the proposal, according to people familiar with the matter, so the transaction has not been finalized.
A deal would mark an early endorsement for Britain’s new private securities market as it tries to broaden trading options for fast-growing startups before any public listing.