Webus International Limited Ordinary Shares Price & Performance (WETO)

Webus International Limited has outlined its post-IPO strategies, focusing on expanding its AI-driven mobility services. The company, which recently debuted on NASDAQ, aims to leverage its innovative "Mobility-as-a-Service" model to enhance its global presence. CEO Nan Zheng emphasized strategic growth through technology and premium customer experiences.1

Webus International Limited launched its IPO on the NASDAQ, pricing shares at $4.00. Opening at $4.10, the offering raised $8 million, with an option for additional shares. Known for luxury chauffeur services, Webus plans to use the funds to bolster its premium transportation network and AI capabilities.2

Webus International Limited began trading on the NASDAQ under the ticker "WETO," pricing shares at $4.00. The IPO raised $8 million, with a 45-day over-allotment option for additional shares. The company aims to expand its global AI-driven transportation services, offering premium customized travel solutions.3