Overview
- Pony.ai priced its shares at HK$139, issued about 48.25 million shares, and could raise up to HK$7.7 billion with the greenshoe, trading under code 2026.
- WeRide opened on HKEx the same day at HK$27.10 per share, bringing the pair’s fundraising to more than HK$9 billion.
- Market data as of November 4 showed Pony.ai’s valuation around US$6.39 billion, more than double WeRide’s roughly US$2.94 billion.
- WeRide’s core robotaxi business posted Q2 2025 revenue of RMB 45.9 million, up 836.7% year on year, signaling early commercialization.
- Both companies remain unprofitable, with Pony.ai reporting RMB 4.58 billion in net losses over the past three and a half years and US$835 million in cash, and WeRide reporting RMB 6.56 billion in cumulative losses and US$998 million in cash.