Core Viewpoint - The Hong Kong IPO market is experiencing a simultaneous surge in both listings and offerings, with multiple companies going public and others initiating their IPO processes on the same day [2]. Company Overview - WeRide, established in 2017, focuses on L4 autonomous driving technology and has deployed over 1,500 autonomous vehicles globally as of October 20, 2023, covering over 30 cities in 11 countries [3]. - The company ranks second in the global market for L4 and above autonomous driving business revenue, holding a market share of 21.8% [3]. IPO Details - WeRide plans to globally offer 88.25 million shares, with an expected net fundraising of approximately HKD 2.932 billion, using the funds primarily for R&D, commercialization of L4 autonomous vehicle fleets, marketing team establishment, and general corporate purposes [2]. - The Hong Kong public offering period for WeRide is from October 28 to November 3, 2023, with shares expected to start trading on November 6, 2023 [2]. Financial Performance - WeRide's revenue has declined from RMB 528 million in 2022 to RMB 361 million in 2024, but it saw a 32.8% year-on-year increase in revenue to approximately RMB 200 million in the first half of 2025 [4]. - The company's losses have widened from RMB 1.298 billion in 2022 to RMB 2.517 billion in 2024, with a loss of RMB 792 million in the first half of 2025, showing a slight improvement compared to the same period in 2024 [4].