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<IPO>WERIDE-W (00800.HK) Begins IPO Today; Entry Fee ~$3,535.3
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Autonomous driving company WERIDE-W (00800.HK)(WRD.US) disclosed details of its public offering in Hong Kong, planning to list on the Stock Exchange of Hong Kong under a dual-class share structure. The joint sponsors are CICC and Morgan Stanley. WeRide intends to issue 88.25 million shares, with 5% (4.4125 million shares) for the Hong Kong public offering and 95% (83.8375 million shares) for the international placement. The maximum offer price is set at HKD35 per share, and the offering aims to raise approximately HKD3.089 billion. The entry fee for each board lot (100 shares) approximates HKD3,535.3. The subscription period starts today (October 28) and will end next Monday (November 3), with pricing expected on November 4 and listing on the following Thursday (November 6). Based on the maximum offer price of HKD35, the net proceeds are estimated to be approximately HKD2.932 billion. AASTOCKS Financial News Website: www.aastocks.com |
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