WeRide Inc. IPO Announcement

WeRide Inc. (Nasdaq: WRD), a leader in the autonomous driving industry, announced the closure of its initial public offering (the “Offering”) of 7,742,400 American depositary shares (“ADSs”) priced at US$15.50 per ADS on October 28, 2024. Each ADS represents three Class A ordinary shares of the Company. Trading of WeRide’s ADSs commenced on the Nasdaq Global Select Market on October 25, 2024, under the ticker symbol “WRD.”

The underwriters have been granted a 30-day option to purchase up to 1,161,360 additional ADSs. If fully exercised, the total gross proceeds could reach approximately US$458.5 million, before deductions for underwriting discounts, commissions, and other estimated offering expenses.

The offering’s underwriters include Morgan Stanley Asia Limited, J.P. Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, BNP Paribas (OTC:BNPQY) Securities (Asia) Limited, and Tiger Brokers (NZ) Limited.

A registration statement for these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission (SEC). This press release does not constitute an offer to sell or a solicitation for offers to buy these securities, nor will there be a sale in any state where such an offer would be unlawful before registration or qualification under state securities laws.

The Offering was conducted only through a prospectus that is part of the effective registration statement. A copy of the final prospectus can be requested from:
– Morgan Stanley Asia Limited, c/o Morgan Stanley & Co (NYSE:MS), 180 Varick Street, 2nd Floor, New York, NY 10014, USA, or by calling +1-866-718-1649 or emailing prospectus@morganstanley.com.
– J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions (NYSE:BR), 1155 Long Island Avenue, Edgewood, NY 11717, or by emailing prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.
– China International Capital Corporation Hong Kong Securities Limited, 29/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, or by calling +852-2872-2000 or emailing g_prospectus@cicc.com.cn.