Tesla Robotaxi Rival WeRide Raises $308 Million In Hong Kong Listing - WeRide (NASDAQ:WRD)

WeRide Inc. (NASDAQ:WRD) raised over $308 million in Hong Kong share sales ahead of a reported HK Stock Exchange debut on November 6.88 Million Shares SoldThe company sold over 88 million shares priced at HK$27.10 to a maximum price of HK$35, Bloomberg reported on Monday. The share sale helped the company raise over HK$2.39 billion ($308 million), but it could rise to $354 million if a greenshoe option is exercised, the report said.A greenshoe, or over-allotment option, is a provision that lets the underwri ...