Wayve is exploring a secondary share sale on the LSE’s PISCES platform, but Bloomberg says no final decision has been made and shareholder approval is still required.

The company raised $1.5bn in February at an $8.6bn valuation, with investors including SoftBank, Microsoft, Nvidia, Uber and major automotive groups; earlier investors and employees would clearly now like to cash in on the valuation increase.

Wayve has strong proof points on technology and testing, including more than 500 cities driven and planned London robotaxi trials with Uber, but its commercial revenue model seems to lack visibility and no public financials have been disclosed yet.

PISCES is a lighter-disclosure, semi-public venue for private-company share trading; that makes it useful for liquidity, but arguably better suited today to higher-visibility private growth names than to a high-risk, pre-scale autonomy business.