WeRide shares surge 15.96% after-hours after announcing HK$27.10 IPO pricing and raising $308 million in Hong Kong listing.

WeRide Inc. (WRD) surged 15.96% in after-hours trading following the announcement of its priced global offering, which includes 88,250,000 Class A ordinary shares at HK$27.10 per share (US$10.36 per ADS). The offering, comprising international and Hong Kong public components, is expected to raise HK$2,391.6 million (US$308 million) before fees, with an over-allotment option for an additional 13.2 million shares. Proceeds will fund autonomous driving R&D, L4 fleet commercialization, and business expansion. The transaction, led by underwriters including CICC and Morgan Stanley, marks WeRide’s dual listing in Hong Kong (stock code 0800), with trading anticipated on November 6. The capital raise signals investor confidence in the company’s global autonomous vehicle ambitions, aligning with its recent revenue growth and strategic market expansion.