WeRide lists in HKEX, issues 17 million public shares at $27.1 per share

Also listed in NASDAQ, the firm builds a self-driving taxi fleet and autonomous driving technologies.

WeRide announced its successful listing on the Stock Exchange of Hong Kong Limited (HKEX) to become the world's first robotaxi company to be publicly traded on both Hong Kong and NASDAQ US exchanges.

Under its Hong Kong listing, WeRide issued a total of 88.25 million shares during pre-greenshoe, with 17.65 million shares offered publicly and 70.60 million shares for international placement.

The offer price was set at $27.1 per share, raising a total of approximately $2.39b pre-greenshoe.

WeRide technologies are supported by the WeRide One universal autonomous driving platform that offers Level 2 to Level 4 (L4) self-driving capabilities.

Founded in 2017, it is the only technology company in the world with products holding autonomous driving permits in seven countries that include China, the UAE, Singapore, Saudi Arabia, France, Belgium, and the US, WeRide said.

It operates 1,500 L4 vehicles and 700 robotaxis.