Xin Lang Cai Jing·2025-11-07 05:46Core Viewpoint - Autonomous taxi operator WeRide (0800.HK, WRD.US) experienced a significant drop in share price after its debut on the Hong Kong Stock Exchange, indicating market volatility and investor sentiment concerns [3]. Group 1: IPO Details - WeRide issued 88.25 million shares, with the Hong Kong public offering being oversubscribed by 72.44 times, triggering a clawback mechanism that increased the allocation to 20% for public investors and 80% for international investors [3]. - The final offer price was set at HKD 27.1 per share, raising approximately HKD 2.264 billion (USD 291 million) in net proceeds [3]. Group 2: Fund Utilization - Approximately 40% of the raised funds will be allocated to the development of autonomous driving technology, another 40% for accelerating the commercialization and mass production of Level 4 vehicle fleets, 10% for establishing marketing teams and branches, and the remaining 10% for general operational expenses [3]. Group 3: Financial Performance - In the first half of the year, WeRide reported revenues of nearly HKD 200 million, reflecting a year-on-year increase of 32.8%, while the loss reached HKD 792 million, narrowing by approximately 10% compared to the previous year [3].