Chinese self-driving technology company WeRide plans to set its Hong Kong IPO price at HK$27.10 per share, aiming to raise about HK$2.39 billion ($307.7 million) from the listing, according to a report by Bloomberg News on Tuesday.
WeRide has chosen Morgan Stanley and China International Capital Corp to lead its planned dual primary listing in Hong Kong, according to three people familiar with the matter. The company was previously listed on Nasdaq in October 2024.
WeRide said it could not comment on the final offer price.
The Guangzhou-based company is offering 88.3 million shares with a maximum price of HK$35 each, according to its prospectus filed on October 27.
The share sale comes as investors show more interest in next-generation mobility companies, and as several U.S.-listed Chinese firms look to raise money through secondary listings in Hong Kong.
These moves are partly due to concerns about possible delistings of Chinese companies from U.S. stock exchanges, following rising trade tensions between the two countries this year.
Founded in 2017, WeRide develops self-driving technology and runs robotaxi services both in China and abroad, according to its official website and statements.
Rival Pony AI has set its final share price at HK$139 for its Hong Kong listing, according to a filing with the stock exchange on Monday.
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