WeRide Inc.(US:WRD) Sou Hu Cai Jing·2025-10-29 06:28Core Insights - Company founder and CEO Dr. Han Xu has signed a voluntary lock-up agreement, committing not to sell shares for the next three years, signaling confidence in the company's long-term development and stability [1] - The company is set to launch its IPO in Hong Kong from October 28 to November 3, with a listing date of November 6, aiming to raise over $400 million for autonomous driving technology development and fleet expansion [1][4] Company Developments - The company plans to issue a total of 88.25 million shares, with 5% allocated for public sale in Hong Kong and 95% for international sale, potentially raising significant capital [3] - The maximum public offering price is set at HKD 35 per share, with various fees applicable [3] Industry Position - The company has received backing from major industry players such as Uber, Grab, and Bosch, reinforcing its position in the autonomous driving sector [4] - Recent financial performance shows a revenue of CNY 127 million for Q2 2025, a year-on-year increase of 60.8%, with the Robotaxi segment experiencing a remarkable growth of 836.7% [4] Technological and Regulatory Edge - The company holds autonomous driving licenses in seven countries, including the US, Singapore, and the UAE, and operates a fleet of over 1,500 autonomous vehicles, establishing a strong foundation for scaling operations [4] - The upcoming dual listing in both US and Hong Kong markets will enhance its financing capabilities and support its global expansion strategy [4]