WeRide, Pony.ai set Hong Kong debuts with contrasting retail demand 

Chinese autonomous driving firms WeRide and Pony.ai reported different retail investor responses ahead of their Thursday trading debut.

WeRide priced its shares at HK$27.10 per share, raising net proceeds of about HK$2.26 billion. The company saw its retail tranche oversubscribed by 72.44 times, with a 6.64 percent allocation rate for one lot of 100 shares.

Its rival Pony.ai, which priced its shares at HK$139 each to report net proceeds worth about HK$6.45 billion, recorded more modest retail interest with 14.88 times oversubscription and a 55 percent allocation rate for one-lot applicants.