WeRide Inc.(US:WRD) Sou Hu Cai Jing·2025-11-04 01:41Core Viewpoint - Autonomous driving company WeRide plans to raise HKD 2.39 billion (approximately USD 308 million) through its initial public offering (IPO) in Hong Kong, marking a trend of Chinese companies seeking secondary listings in the region [2][2]. Company Summary - WeRide intends to set the IPO price at HKD 27.10 per share, with plans to issue approximately 88 million shares [2][2]. - The previously established upper limit for the share price range was HKD 35 [2]. - The IPO price represents a nearly 4% discount compared to the closing price of WeRide's American Depositary Shares (ADS) on Nasdaq, where one ADS is equivalent to three ordinary shares [2][2]. Industry Context - WeRide is set to list on November 6 in Hong Kong, coinciding with the listing of its competitor Pony.ai, which aims to raise HKD 6.7 billion through its IPO [2][2]. - Both companies were previously listed in the United States last year, indicating a shift in strategy towards the Hong Kong market for capital raising [2][2].