China's WeRide targets about $308 million in HK listing, Bloomberg News reports
Update: 2025-11-04
Description
WeRide, a Chinese self-driving tech company, has successfully priced its Hong Kong share sale at 27.1 Hong Kong dollars per share, aiming to raise nearly 2.4 billion Hong Kong dollars. This move comes after their Nasdaq listing in October and is part of a trend of Chinese firms seeking to raise funds in Hong Kong due to U.S. trade tensions. WeRide's competitor, Pony AI, also priced its Hong Kong shares at 139 Hong Kong dollars each. The race to secure investments in the autonomous driving sector is heating up, with WeRide looking to fuel its growth and expand its network of robotaxis.
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