Tech
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.
The…
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