Chinese autonomous driving company WeRide is targeting roughly HK$2.39 billion ($307.7 million) in proceeds from its Hong Kong listing, pricing shares at HK$27.10 each, according to Bloomberg News. The Guangzhou-based firm, which develops self-driving technology and operates robotaxi fleets, aims to strengthen its financial position as investor demand for next-generation mobility firms grows.
WeRide’s offering will include 88.3 million shares, with a top price of HK$35 per share listed in its October 27 prospectus. The deal is being led by Morgan Stanley and China International Capital Corp (CICC), the same banks that handled its 2024 Nasdaq listing.
The move follows a wave of U.S.-listed Chinese tech firms seeking dual primary listings in Hong Kong, driven by heightened regulatory uncertainty and fears of forced delistings amid ongoing U.S.-China trade tensions.
Founded in 2017, WeRide has rapidly emerged as one of China’s leading autonomous driving startups, competing with peers like Pony AI — which this week priced its Hong Kong shares at HK$139 each.
