Hong Kong IPO Market Heats Up with WeRide and Pony Ai Listings, Shares Drop

Wednesday, Nov 5, 2025 11:25 pm ET1min read

Chinese autonomous driving firms Pony Ai and WeRide have seen their shares drop on their Hong Kong trading debut, despite raising nearly $1.2 billion in share offerings. Pony Ai's share price fell 11%, while WeRide's fell 8%. The firms plan to use the funds for commercialization and expansion, and have expressed confidence in their long-term stock performance. The weak performance follows a drop in the companies' shares in New York on Wednesday.

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