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China's WeRide targets about $308 million in HK listing, Bloomberg News reports
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China's WeRide targets about $308 million in HK listing, Bloomberg News reports
Nov 3, 2025 6:38 PM

Nov 4 (Reuters) - Chinese autonomous driving firm WeRide ( WRD )

plans to price its Hong Kong share sale at HK$27.10 per

share, aiming to raise HK$2.39 billion ($307.7 million) from the

listing, Bloomberg News reported on Tuesday.

Reuters reported last month that WeRide ( WRD ) had tapped Morgan

Stanley ( MS ) and China International Capital Corp

to lead its planned dual primary listing in Hong Kong, citing

three sources familiar with the matter. It listed on Nasdaq in

October 2024.

WeRide ( WRD ) did not immediately respond to a Reuters' request

seeking details of the final offer price.

The Guangzhou-based company is selling 88.3 million shares

and has set a maximum price of HK$35 each, its prospectus lodged

on October 27 shows.

The share sale comes amid growing investor appetite for

next-generation mobility plays and as a slew of U.S.-listed

Chinese companies seek to raise capital via secondary listings

in Hong Kong.

Such moves have been driven partly by fears of potential

forced delistings of Chinese companies from U.S. exchanges since

trade relations between the world's two largest economies have

deteriorated sharply this year.

Founded in 2017, WeRide ( WRD ) develops autonomous-driving

technology and operates robotaxi services in China and

internationally, according to its official website and

announcements.

Rival Pony AI has set the final offer price for its

Hong Kong listing at HK$139 per share, according to a filing

with the exchange on Monday.

($1 = 7.7675 Hong Kong dollars)

(Reporting by Roushni Nair and Shivangi Lahiri in Bengaluru;

Editing by Subhranshu Sahu)

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