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# Pony.ai and WeRide IPO in Hong Kong, Shares Drop Over 10%

By [ Alex Garin](/community/electromobili "Alex Garin") in [Technology](/community/community-groups/fsd-vanguard/videos/categories/technology) 1305 views 6th Nov, 2025 Video Duration: N/A

**Pony.ai and WeRide IPO in Hong Kong, Shares Drop Over 10%**

**November 6, 2025** – Chinese L4 autonomous driving leaders Pony.ai (2418.HK) and WeRide (2417.HK) listed on the Hong Kong Stock Exchange today. Both saw shares fall over 10% shortly after debut.

**IPO Details**

- **Pony.ai**: Raised HK$1.86B (~US$239M) at HK$100/share; opened at HK$98.50, hit HK$88.
- **WeRide**: Raised HK$1.03B (~US$132M) at HK$99.80/share; opened at HK$98, fell to HK$87.50.

**By midda**y: Pony.ai ~HK$89 (-11%), WeRide ~HK$88 (-12%).

**Market Reaction**

- Offerings moderately oversubscribed.
- Decline amid Hang Seng drop (1.8%), U.S. election uncertainty, and valuation concerns.
- Post-IPO valuations: Pony.ai HK$41.5B (US$5.3B), WeRide HK$23.3B (US$3B).

**Company Highlights**

| Company | Founded | Key Backers | Operations |
|---|---|---|---|
| Pony.ai | 2016 | Toyota, GAC | 200+ robotaxis, 15M+ km |
| WeRide | 2017 | NVIDIA, Bosch | Services in 30+ cities |

Both operate robotaxis in Beijing, Guangzhou, and Shenzhen; full L4 rollout awaits broader approval.

**Outlook**

CEOs remain bullish on commercialization. Hong Kong solidifies role as tech IPO hub despite cautious global sentiment on autonomous driving.

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