WeRide Inc.(US:WRD) Jin Tou Wang·2025-10-29 08:09Core Insights - The company, WeRide (Nasdaq: WRD, HK: 0800), has signed a voluntary lock-up agreement by its founder and CEO, Dr. Han Xu, committing to not sell shares for the next three years, signaling strong management confidence in the company's long-term prospects [1] - WeRide is initiating its Hong Kong IPO, with the offering period set from October 28 to November 3, and expected listing on November 6, aiming to raise over $400 million for autonomous driving technology development and global market expansion [1][4] - The IPO will consist of 88.25 million shares, with 5% allocated for public sale in Hong Kong and 95% for international sale, potentially increasing with the exercise of the over-allotment option [3] Financial Performance - WeRide reported a revenue of 127 million yuan for Q2 2025, marking a year-on-year increase of 60.8%, with its core Robotaxi business experiencing a remarkable growth of 836.7%, significantly contributing to overall revenue growth [4] Technological and Regulatory Position - WeRide holds a leading global position in technology and regulatory qualifications, being the only company with autonomous driving licenses in seven countries, including the US, China, and several European nations, and operates a fleet of over 1,500 autonomous vehicles [5] - The dual listing in both US and Hong Kong markets will enhance WeRide's financing channels and support its global expansion strategy [5] Industry Support - The IPO has garnered strong backing from major industry players such as Uber, Grab, and Bosch, reaffirming WeRide's industry standing and commercial value in the autonomous driving sector [4]