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Four Chinese self-driving firms, including Pony AI and WeRide, are raising nearly $2 billion in Hong Kong IPOs to boost R&D and expansion.
Four Chinese autonomous driving firms, including Pony AI and WeRide, are raising nearly $2 billion in Hong Kong IPOs, with both companies set to debut on November 6.
Pony AI aims for a $9.9 billion market cap, raising $972 million, while WeRide targets $4.62 billion, raising up to HK$3.09 billion.
Both firms, already listed in the U.S., are using Hong Kong listings to diversify funding sources amid geopolitical tensions and regulatory scrutiny.
Proceeds will support R&D, commercial expansion, and talent acquisition.
Hong Kong’s IPO market surged in 2025, raising $23.5 billion in the first nine months.
Other firms like Ningbo Joyson and Vigonvita Life Sciences are also joining the wave.
Cuatro firmas chinas de autoconducción, incluidas Pony AI y WeRide, están recaudando casi $ 2 mil millones en IPO de Hong Kong para impulsar la I + D y la expansión.