WeRide to Conduct Hong Kong Listing in Move Towards Autonomous Driving

WeRide, a Chinese autonomous driving company, has set its sights on a dual primary listing in Hong Kong. The company has engaged Morgan Stanley and CICC for this endeavor, as reported by three sources familiar with the situation. WeRide, which became a Nasdaq-listed firm in October 2024, disclosed in a filing made to the US Securities and Exchange Commission that the China Securities Regulatory Commission has greenlit the proposed global offering and dual primary listing of its Class A ordinary shares in Hong Kong. Although specifics of the offering like size remain pending, the valuation is anticipated to align with…