China’s WeRide targets about $308 million in HK listing: Report

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Chinese autonomous driving firm WeRide plans to price its Hong Kong share sale at HK$27.10 per share and raise HK$2.39 billion ($307.7 million) from the listing, Bloomberg News reported on Tuesday.

Reuters reported last month that WeRide had tapped Morgan Stanley and China International Capital Corp to lead its planned dual primary listing in Hong Kong, citing three sources familiar with the matter. It was listed on Nasdaq in October 2024.

WeRide, in an emailed response to Reuters, said it was unable to provide any comments on the final offer price.

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China’s WeRide targets about $308 million in HK listing: Report



Chinese autonomous driving firm WeRide plans to price its Hong Kong share sale at HK$27.10 per share and raise HK$2.39 billion ($307.7 million) from the listing, Bloomberg News reported on Tuesday.

Reuters reported last month that WeRide had tapped Morgan Stanley and China International Capital Corp to lead its planned dual primary listing in Hong Kong, citing three sources familiar with the matter. It was listed on Nasdaq in October 2024.

WeRide, in an emailed response to Reuters, said it was unable to provide any comments on the final offer price.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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