Wayve Technologies employees conducted a secondary share sale on the London Stock Exchange’s Pisces private market platform, with shares trading at a 10% discount to the company’s previous valuation, indicating potential investor concerns about the autonomous vehicle startup’s valuation.
Autonomous driving software company Wayve Technologies has filed to sell shares on the London Stock Exchange’s newly launched Private Securities Market, marking the first major company to utilize this new trading platform.
Wayve Technologies, a UK-based autonomous driving software startup backed by Uber, is considering letting investors sell shares through the UK’s new private securities market, which would represent the first major endorsement of this novel trading system.