Overview
- Pony.ai opened about 11–12% lower at HK$124 versus its HK$139 offer price, while WeRide slid roughly 7.8% to HK$24.98 from HK$27.10.
- Pony.ai raised HK$6.71 billion and WeRide HK$2.39 billion, with funds earmarked for scaling operations, Level‑4 autonomy R&D, AI computing and data centers.
- Company leaders said proceeds will accelerate commercialization and hiring, with overseas pilots targeted in the Middle East, Europe and Singapore subject to regulatory approvals.
- Analysts pointed to valuation concerns, softer U.S. share performance and recent Hong Kong market weakness as factors weighing on the debuts.
- The dual listings broaden access to Asia-based investors through Hong Kong and serve as risk management given tougher U.S. scrutiny of Chinese technology in connected vehicles.