WeRide (WRD) Loses 13.7% Ahead of HK Listing

Core Viewpoint - WeRide Inc. (NASDAQ:WRD) is experiencing significant stock price volatility ahead of its official listing on the Hong Kong Stock Exchange, with a notable decline of 13.72% on Tuesday, closing at $9.40 per share [1][2]. Group 1: Company Performance - WeRide's stock dropped 13.72% as investors adopted a cautious approach before its upcoming listing on the HKEX [1]. - The company is set to debut on the HKEX on November 6, trading under the stock code "0800" [2]. Group 2: Financial Details - WeRide plans to issue over 88.25 million Class A shares, which will include both international and Hong Kong shares [2]. - The final offering price is set at HK$27.10 per share, equivalent to $10.36 per American Depositary Share (ADS), with the potential to raise $308 million [3]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to the development of autonomous driving technology, accelerating mass production of Level 4 (L4) fleets, enhancing product quality, and expanding business operations [3].