WERIDE-W (00800) Final Offer Price Set at HK$27.10 per Share

Stock News
Nov 04

WERIDE-W (00800) announced that the final offer price for its international offering and Hong Kong public offering has been set at HK$27.10 per share. The company considered multiple factors in determining the price, including the closing price of its American Depositary Shares (ADS) on Nasdaq on November 3, 2025 (the last trading day prior to this announcement).

Subject to approval by the Hong Kong Stock Exchange, the Class A ordinary shares are expected to commence trading on the main board on November 6, 2025, under the stock code "00800." The gross proceeds from the global offering (before deducting underwriting fees and offering expenses) are estimated to be approximately HK$2.392 billion, assuming the over-allotment option is not exercised.

Additionally, the company has granted an over-allotment option to international underwriters, allowing them to request the issuance of up to 13.2375 million additional shares (representing no more than 15% of the total shares initially available in the global offering) at the international offering price within 30 days after the closing of the Hong Kong public offering. This option may be exercised to cover any over-allocation in the international offering.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10