WeRide Inc.(US:WRD) Globenewswire·2025-11-04 12:00Core Points - WeRide Inc. has announced the pricing of its global offering of 88,250,000 Class A ordinary shares, which includes both an international offering and a Hong Kong public offering [1][2] - The final offering price is set at HK$27.10 per share, translating to approximately US$10.36 per American depositary share (ADS) [2] - The gross proceeds from the global offering are expected to be HK$2,391.6 million, or HK$2,750.3 million if the over-allotment option is exercised in full [5] Offering Details - The company has granted an over-allotment option for an additional 13,237,500 shares to international underwriters [3] - Trading of the Class A ordinary shares on the Hong Kong Stock Exchange is expected to begin on November 6, 2025, under the stock code "0800" [4] - The offering is subject to customary closing conditions and is expected to close on the same day [4] Use of Proceeds - The net proceeds from the global offering will be used to further develop autonomous driving technology, accelerate commercial mass production of L4 fleets, enhance product quality, expand business scale, and support marketing efforts [5] Company Background - WeRide is a leader in the autonomous driving industry and the first publicly traded Robotaxi company, with operations in over 30 cities across 11 countries [11] - The company has received autonomous driving permits in seven markets, including China, the UAE, and the United States [11] - WeRide's products and services range from L2 to L4 autonomous driving solutions, addressing various transportation needs [11]