Pony Ai, WeRide shares tank as Hong Kong investors digest rush of listings

By Kane Wu and Scott Murdoch (Reuters) -Pony Ai and WeRide stocks plunged around 10% each Thursday as the Chinese autonomous driving developers started trading in Hong Kong, with analysts pinning the blame on new-listing oversupply as well as the ​firms' overseas share performance. WeRide shares closed down 10% from their issue price while Pony Ai stock lost 9.3%, after ‌the two companies raised almost $1.2 billion in separate public share offerings. The weak performance came one day after electric vehi ...