Workflow
Tesla Robotaxi Rival WeRide Raises $308 Million In Hong Kong Listing - WeRide (NASDAQ:WRD)
WeRide Inc.WeRide Inc.(US:WRD) Benzinga·2025-11-04 17:21

WeRide Inc. (NASDAQ:WRD) raised over 308millioninHongKongsharesalesaheadofareportedHKStockExchangedebutonNovember6.88MillionSharesSoldThecompanysoldover88millionsharespricedatHK308 million in Hong Kong share sales ahead of a reported HK Stock Exchange debut on November 6.88 Million Shares SoldThe company sold over 88 million shares priced at HK27.10 to a maximum price of HK35,BloombergreportedonMonday.ThesharesalehelpedthecompanyraiseoverHK35, Bloomberg reported on Monday. The share sale helped the company raise over HK2.39 billion (308million),butitcouldriseto308 million), but it could rise to 354 million if a greenshoe option is exercised, the report said.A greenshoe, or over-allotment option, is a provision that lets the underwri ...