New Stock News | Global Robotaxi first stock Wen Yunzhi-W (00800) will be listed for subscription from October 28th to November 3rd. Giants such as Uber, Grab, Bosch, etc. are once again investing heavily.

Global leading Robotaxi company, WeRide-W (00800), is set to go public from October 28 to November 3, 2025, with plans to globally sell 88,250,000 shares. The offering in Hong Kong will account for 5%, while the international offering will be 95%. The maximum public offering price is HK$35 per share, with a minimum subscription of 100 shares costing HK$3,535.3. The expected trading of shares on the Hong Kong Stock Exchange will commence on November 6, 2025. WeRide-W is a global leader in autonomous driving technology, with operations in more than 30 cities across 11 countries. It is the only technology company in the world to have obtained autonomous driving licenses in 7 countries for its products. The company follows a growth strategy of balanced development at home and abroad, with over 1500 autonomous vehicles globally, including 700+ robotaxis and 100+ in the Middle East. According to Zokir Consulting data, in 2024, WeRide-W held a 21.8% market share of revenue generated from L4 level and above autonomous driving on city roads. In core markets such as the Middle East and Singapore, the company maintains at least a year and a half lead over competitors; in European countries like France, Switzerland, and Belgium, it is the only autonomous driving company with deployed L4 vehicle fleets. In the second quarter of 2025, WeRide-W reported revenue of 127 million RMB, a year-on-year increase of 60.8%. Robotaxi business revenue in the second quarter reached 45.9 million RMB, a significant increase of 836.7% year-on-year, setting a new quarterly record since the company's establishment. The proportion of revenue from the Robotaxi business in the second quarter rose significantly to 36.1%, marking a new high since 2021. Gross profit increased by 40.6% year-on-year, showing steady growth. The size of the Abu Dhabi Robotaxi fleet has tripled since 2024, significantly improving economies of scale; the Robotaxi has operated safely for over 2,200 days, setting a new safety benchmark in the industry. The company expects to grant international underwriters an over-allotment option, allowing for an additional issuance of up to 13,237,500 shares at the international offer price (approximately 15.0% of the initial number of shares available for subscription in the global offering). If the over-allotment option is fully exercised, the expected fundraising amount is estimated to exceed USD 400 million. The net proceeds from the global offering will be used for the following purposes: approximately 40% for developing autonomous driving technology; around 40% for commercial production and operation of L4 vehicle fleets; about 10% for establishing marketing teams and branches to expand into more markets; and about 10% for operating funds and general corporate purposes.