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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...
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 midday: 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.