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Wayve to Test UK Private Market Platform for Share Sale

Bloomberg Markets •
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London‑based autonomous‑driving software firm Wayve is weighing a shareholder‑led sale of its equity on the United Kingdom’s new private securities market. The move would mark the first high‑profile use of the platform, which LSEG operates under the Pisces framework. Wayve last raised capital at a valuation of $8.6 billion in February, and its investors include Uber, Mercedes‑Benz and Nvidia.

If approved by its board, the transaction would let existing backers auction shares to qualified institutions and high‑net‑worth individuals, bypassing a traditional IPO. The private securities market aims to keep cutting‑edge UK firms from drifting to U.S. exchanges by offering a regulated exit route. Access remains limited to seasoned investors, reflecting the platform’s lower disclosure requirements.

Wayve, founded in 2017, has logged test drives in over 500 cities and partners with Nissan to embed driver‑assistance software rather than field its own fleet. Uber maintains a robotaxi waitlist in London ahead of a commercial launch later this year. A successful Pisces listing would demonstrate the scheme’s ability to attract marquee tech startups.