By Ireti Asemota.
Nov 4, 2025 (Reuters) — Chinese self-driving pioneer WeRide (WRD.O) is gearing up to launch its Hong Kong shares at HK$27.10 each. This pricing could pull in HK$2.39 billion ($307.7 million) through the offering, per a Bloomberg News report on Tuesday.
Last month, Reuters noted WeRide enlisted Morgan Stanley (MS.N) and China International Capital Corp (601995.SS) as lead underwriters for its dual primary listing in Hong Kong. The firm debuted on Nasdaq back in October 2024.
WeRide hasn’t yet replied to Reuters’ queries on the finalized pricing.
From Guangzhou, the company plans to offload 88.3 million shares, with a top price tag of HK$35 apiece, as outlined in its October 27 prospectus.
This IPO taps into surging demand for cutting-edge mobility tech. It also reflects a wave of U.S.-listed Chinese firms chasing funds via Hong Kong secondary listings. Tensions in U.S.-China trade—worsening this year—have sparked worries over potential delistings from American bourses.
Launched in 2017, WeRide crafts autonomous driving tech and runs robotaxi fleets in China and abroad, based on its site and public filings.
For context, competitor Pony AI (PONY.O) locked in HK$139 per share for its own Hong Kong debut, per Monday’s exchange filing.
(Conversion: $1 = 7.7675 HKD)
