---
title: "Alex Garin  	 uploaded a new video in  	FSD Vanguard"
description: "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 DetailsPony.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 ReactionOfferings 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 HighlightsCompanyFoundedKey BackersOperationsPony.ai2016Toyota, GAC200+ robotaxis, 15M+ kmWeRide2017NVIDIA, BoschServices in 30+ citiesBoth operate robotaxis in Beijing, Guangzhou, and Shenzhen; full L4 rollout awaits broader approval.OutlookCEOs remain bullish on commercialization. Hong Kong solidifies role as tech IPO hub despite cautious global sentiment on autonomous driving."
url: "https://motorwatt.com/community/stream/item/3391"
date: "2026-05-17T13:07:34+00:00"
language: "en-GB"
---

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     [ Alex Garin](https://motorwatt.com/community/electromobili "Alex Garin")  uploaded a new video in [ FSD Vanguard](https://motorwatt.com/community/community-groups/fsd-vanguard "FSD Vanguard")

      [6 months ago](https://motorwatt.com/community/stream/item/3391)  Editing

     [Pony.ai and WeRide IPO in Hong Kong, Shares Drop Over 10%](https://motorwatt.com/community/community-groups/fsd-vanguard/videos/pony-ai-and-weride-ipo-in-hong-kong-shares-drop-over-10)
    - [ Technology](https://motorwatt.com/community/community-groups/fsd-vanguard/videos/categories/technology)
    - Thursday, 06 November 2025
    - 1416

    **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 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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