Self-driving car companies Pony.ai and WeRide get the OK for Hong Kong listing

In Brief

Pony.AI and WeRide person received a cardinal support from Chinese securities regulators that clears the mode for the for the autonomous conveyance exertion companies to prosecute secondary listings connected the Stock Exchange of Hong Kong.

The Chinese companies, some of which are based successful Guangzhou, are already publically traded successful the U.S. connected the Nasdaq Exchange. WeRide made its nationalist debut successful October 2024, and Pony.AI followed a period later.

Now, Pony.ai and WeRide are each aiming to merchantability shares connected the Hong Kong Exchange, pursuing a inclination of Chinese companies that person pursued a secondary listing.

Pony.ai and WeRide said the China Securities Regulatory Commission had issued a announcement approving their projected listing, according to regulatory filings reported to the U.S. Securities and Exchange Commission. The CSRC has the last authorization to find whether a institution tin spell nationalist overseas.

Both companies look acceptable to proceed with their respective projected planetary offering and listing. Reuters reported WeRide has hired Morgan Stanley and China International Capital Corp to enactment connected a dual superior listing successful Hong Kong, citing anonymous sources. WeRide plans to implicit the listing successful December.

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