WeRide Announces HK$2.39 Billion IPO
Hong Kong – November 6, 2025 – Cooley advised WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, in connection with its HK$2.39 billion initial public offering (IPO) in Hong Kong. WeRide offered 88,250,000 shares priced at HK$27.10 per share, subject to the overallotment option. The company’s shares began trading on the Hong Kong Stock Exchange on November 6, 2025, under stock code 0800. This is the largest Chapter 18C high-tech Hong Kong IPO by both proceeds and market cap and the first Chapter 18C Hong Kong IPO with a weighted voting right structure. WeRide becomes the world’s first robotaxi company to be publicly traded on both Hong Kong and US exchanges, and also the world’s first robotaxi and autonomous driving technology company to achieve a dual primary listing on both HKEX and Nasdaq.
CICC and Morgan Stanley (in alphabetical order) acted as joint sponsors, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers for the offering. J.P. Morgan acted as overall coordinator, joint global coordinator, joint bookrunner and joint lead manager. ABCI, BOCI, Daiwa Capital Markets, Futu Securities International and ICBC acted as joint bookrunners and joint lead managers.
Lawyers Yilin Xu, Will Cai, Michael Yu, Hilda Li and Tonny Yu led the Cooley team advising WeRide.
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