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China’s WeRide Aims to Raise $308 Million in Hong Kong Listing Amid Autonomous Driving Boom

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Chinese self-driving technology company WeRide plans to raise about $308 million through a Hong Kong stock market listing, according to a Bloomberg report on Tuesday. The Guangzhou-based firm is expected to price its shares at HK$27.10 each, valuing the offering at HK$2.39 billion.

WeRide, which went public on Nasdaq in October 2024, is selling 88.3 million shares, with a maximum price of HK$35 per share, according to its prospectus filed on October 27. The offering is led by Morgan Stanley and China International Capital Corp (CICC), which were also involved in the company’s U.S. listing.

The move comes as growing investor enthusiasm for next-generation mobility companies fuels renewed interest in autonomous driving technologies. At the same time, many U.S.-listed Chinese firms are pursuing dual or secondary listings in Hong Kong to diversify funding sources and hedge against geopolitical and regulatory risks linked to U.S.-China tensions.

Founded in 2017, WeRide develops autonomous vehicle systems and operates robotaxi services in China and abroad. The company’s Hong Kong debut follows rival Pony AI, which set the final price for its own Hong Kong listing at HK$139 per share this week.

WeRide declined to comment on its final offer price when contacted by Reuters.

Chinese humanoid robot maker AgiBot plans $6.4 billion Hong Kong IPO

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Chinese robotics firm AgiBot is preparing for a Hong Kong initial public offering (IPO) next year that could value the company between HK$40 billion and HK$50 billion ($5.14–$6.4 billion), according to multiple sources familiar with the matter. The move positions AgiBot as one of China’s most prominent humanoid robot startups entering public markets amid the country’s rapid push into automation and AI-driven robotics.

Backed by major investors including Tencent, HongShan Capital Group (HSG), LG Electronics, and BYD, AgiBot has hired CICC, CITIC Securities, and Morgan Stanley to manage the listing. The firm reportedly plans to issue 15–25% of its shares and aims to file a preliminary prospectus in early 2026, targeting a Q3 listing.

Founded in 2023 by former Huawei engineers Deng Taihua and Peng Zhihui, Shanghai-based AgiBot develops the Yuanzheng and Lingxi humanoid robot series, which perform complex manual tasks such as folding clothes, making coffee, and cleaning. The robots are designed for industrial and service applications in manufacturing and logistics, and the company also provides data collection tools for AI model training.

AgiBot’s rise has been accelerated by Chinese President Xi Jinping’s public endorsement, following his visit to its Shanghai facility earlier this year. The company recently partnered with Fulin Precision Engineering to deploy nearly 100 Yuanzheng robots in automotive part factories.

The IPO would follow that of Ubtech Robotics, the first humanoid robot firm to list in Hong Kong, whose shares have surged 150% this year. Rival Unitree Robotics is also seeking a $7 billion listing on Shanghai’s STAR Market.

Hong Kong has emerged as the world’s top IPO destination in 2025, with more than 270 listings raising $24 billion, largely from mainland Chinese companies. AgiBot’s debut would further solidify the city’s growing role as the hub for AI and robotics capital markets.