New Stock News | Wen Yuan Zhi Xing (WRD.US) Hong Kong Stock IPO Approved by China Securities Regulatory Commission

On October 14th, the China Securities Regulatory Commission's International Cooperation Department issued the "Notice on the Overseas Issuance and Listing of WeRide Inc.". WeRide (WRD.US) plans to issue no more than 102,428,200 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to previous reports, the autonomous driving technology company WeRide has secretly submitted an application for listing in Hong Kong. Headquartered in Guangzhou, WeRide officially listed on the Nasdaq Stock Exchange in the United States in October last year, becoming the first globally recognized autonomous driving company and also the first Robotaxi globally. Financial reports show that the company had revenue of $17.8 million in the second quarter, a 60.8% year-on-year increase. The loss per ADS share was 1.35 RMB (0.18 USD), while it was 10.11 RMB in the same period in 2024. The net loss in the second quarter was 406.4 million RMB (56.7 million USD), compared to 413.6 million RMB in the same period in 2024.