WeRide Inc.(US:WRD) Ge Long Hui·2025-10-28 04:00Core Insights - The company, WeRide (文远知行), is set to launch its IPO from October 28 to November 3, 2025, aiming to issue 88,250,000 shares with a maximum public offering price of HKD 35 per share [1] - WeRide is a leading autonomous driving technology company with operations in over 30 cities across 11 countries, holding a 21.8% market share in L4 and above autonomous driving revenue as of 2024 [2] - The net proceeds from the global offering will be allocated primarily to the development of autonomous driving technology and the commercialization of L4 vehicle fleets [3] Group 1 - The IPO will include a 5% allocation for Hong Kong and 95% for international investors, with an expected fundraising amount exceeding USD 400 million if the overallotment option is fully exercised [1] - Strategic investors such as Uber, Grab, and Bosch have committed to participate in the IPO, indicating strong demand that covers several times the intended issuance size [1] - WeRide's Robotaxi business has shown significant growth, with Q2 2025 revenue reaching CNY 45.9 million, a staggering increase of 836.7% year-over-year, marking a record high for the company [2] Group 2 - The company operates over 1,500 autonomous vehicles globally, with more than 700 being Robotaxis, and has achieved a threefold increase in its Abu Dhabi Robotaxi fleet since 2024 [2] - The allocation of the IPO proceeds includes approximately 40% for developing the autonomous driving technology stack, 40% for commercializing L4 vehicle fleets, and 10% for marketing and operational expenses [3] - WeRide has established a safety benchmark in the industry, with over 2,200 days of safe Robotaxi operations [2]