WeRide prices 88.25M shares at HK$27.10 in global offering

WeRide (WRD) announced the pricing of its global offering of 88,250,000 Class A ordinary shares of the Company, which comprises an international offering and a Hong Kong public offering. The final offering price for both the International Offering and the Hong Kong Public Offering has been set as HK$27.10 per Offer Share. Based on the ratio of three Class A ordinary shares per Nasdaq-listed American depositary share, the Offering Price translates to approximately US$10.36 per ADS based on an exchange rate of HK$7.8499 to US$1.00 as of June 30, 2025 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. In addition, the Company has granted an over-allotment option to the international underwriters, exercisable by the Overall Coordinators on behalf of the international underwriters, at any time until the 30 days after the last date for the lodging of applications under the Hong Kong Public Offering, to require the Company to issue up to an aggregate of 13,237,500 additional Offer Shares at the Offering Price.