Wayve

Wayve, a British autonomous driving firm, has completed a private market share sale, with employees selling $85 million of their shares on the London Stock Exchange’s Private Securities Market.

Summary of transaction details:

• Value: $85 million
• Sector: DeepTech & AI
• Advisor: Crowdcube, Stifel, Latham & Watkins, Deloitte
• Key Entities: Wayve, London Stock Exchange
• Location: UK

Note: This deal marks the first employee share sale on the London Stock Exchange’s Private Securities Market and provides liquidity for employees with vested equity, changing the conversation SME founders can have with prospective hires.