Wayve Files to Sell Shares on LSE Private Market, Testing Venue With $85 Million Tender
Updated
Updated · Bloomberg · Jul 1
Wayve Files to Sell Shares on LSE Private Market, Testing Venue With $85 Million Tender
3 articles · Updated · Bloomberg · Jul 1
Summary
Wayve will hold a closed auction on the London Stock Exchange’s new Private Securities Market on July 8, becoming the first major company to use the venue.
The London-based autonomous driving software startup also said employees can sell $85 million of stock through a separate tender offer, giving staff a liquidity event alongside the market test.
Wayve was last valued at $8.6 billion in a February funding round, making the sale an early gauge of investor appetite for the LSE’s new private-market platform.