WERIDE-W's Hong Kong public offering received over 50 times subscription, and the Middle East's fully unmanned commercialization license consolidates its first-mover advantage in globalization
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WERIDE-W received over 50 times subscription in the public offering in Hong Kong, with an upper limit of the issue price at HKD 35 per share. The company's founders signed a lock-up agreement to enhance market confidence. At the same time, the company obtained a city-level pure unmanned Robotaxi commercialization license in the UAE, consolidating its advantage in the Middle East market. It is expected that WERIDE will occupy 21.8% market share in 2024, with revenue expected to reach 127 million yuan in the second quarter of 2025, and the Robotaxi business is expected to grow significantly by 836.7%
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