文远知行港股开募 拟全球发售8825万股

Core Viewpoint - The global leader in Robotaxi and autonomous driving technology, WeRide (0800.HK), has initiated its Hong Kong IPO, planning to issue 88,250,000 shares with a maximum price of HKD 35.0 per share, and expects trading to commence on November 6, 2025 [1][3]. Group 1: IPO Details - WeRide plans to grant international underwriters an over-allotment option to issue up to 13,237,500 additional shares, representing approximately 15.0% of the total shares available for subscription [3]. - The total fundraising amount is expected to exceed USD 400 million if the over-allotment option is fully exercised [3]. Group 2: Fund Utilization - Approximately 40% of the net proceeds from the global offering will be allocated to developing the company's autonomous driving technology stack, including infrastructure, core capabilities, data, and operational platforms [3]. - Another 40% will be used to accelerate the commercialization and production of the company's Level 4 vehicle fleet, enhancing the quality of autonomous driving products and solutions, and expanding business scale over the next five years [3]. - About 10% will be invested in establishing necessary marketing teams and branches to expand existing and new markets, along with future marketing activities [3]. - The remaining 10% will be allocated for working capital and general corporate purposes [3]. Group 3: Strategic Partnerships - WeRide has secured commitments from strategic investors including Uber, Grab, and Bosch, who together have pledged over 50% of the IPO size, indicating strong capital support and potential collaboration in technology, market, and global operations [4]. - The founder and CEO of WeRide, Dr. Han Xu, has signed a voluntary lock-up agreement, committing not to sell any shares for the next three years [4]. Group 4: Business Performance - WeRide's recent financial report indicates a revenue of RMB 127 million for Q2 2025, representing a year-on-year growth of 60.8% [4]. - The Robotaxi segment generated revenue of RMB 45.9 million in Q2, showing a significant year-on-year increase of 836.7%, and accounted for 36.1% of total revenue [4]. - Gross profit increased by 40.6% year-on-year, reflecting a steady growth trend [4].