---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263941022.md"
description: "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%"
datetime: "2025-11-03T04:44:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263941022.md)
  - [en](https://longbridge.com/en/news/263941022.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263941022.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/263941022.md) | [繁體中文](https://longbridge.com/zh-HK/news/263941022.md)


# 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

The global Robotaxi first stock, WERIDE-W (00800), has closed its public offering on November 3rd. The upper limit of the offering price is HKD 35 per share, with an entry fee of approximately HKD 3,535.3 per lot, and the public subscription has been oversubscribed by more than 50 times. Additionally, market news indicates that the company's international placement has been multiple times covered, attracting enthusiastic subscriptions from professional investors such as industry investors, long-term funds, hedge funds, and high-net-worth individuals.

The company's dark trading will begin at 16:15 on November 5th, and investor sentiment may be supported by two major factors—first, founder and CEO Dr. Han Xu recently signed a voluntary lock-up agreement, committing not to reduce his holdings in the company for the next three years. This move is seen by the market as a commitment from the management to the company's stable development and confidence in its long-term value; furthermore, during the offering period, the company achieved a new breakthrough in its strategy in the Middle East, obtaining a city-level pure unmanned Robotaxi commercialization license in the UAE, further consolidating its first-mover advantage in the Middle East market.

![3a2a64088ca3b119593181e312388b1c.jpg](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20251103/1762144724503379.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

According to data from ZhiShi Consulting, in 2024, WERIDE will hold a 21.8% market share based on revenue generated from L4 level and above autonomous driving on urban roads. In the second quarter of 2025, WERIDE's revenue reached 127 million yuan, a significant year-on-year increase of 60.8%; among them, the Robotaxi business generated revenue of 45.9 million yuan in the second quarter, a substantial year-on-year increase of 836.7%, setting a new quarterly record since the company's establishment.

According to WERIDE's prospectus, the company currently owns over 1,500 autonomous vehicles, of which over 700 are Robotaxis. It has the largest Robotaxi fleet in the Middle East outside of China and the United States and is the only company in the region to achieve commercial Robotaxi operations, with over 2,200 days of good operational records globally and approximately 55 million kilometers of autonomous driving mileage on public roads

### Related Stocks

- [WERIDE-W (00800.HK)](https://longbridge.com/en/quote/00800.HK.md)

## Related News & Research

- [WeRide Discloses HKD 188.7 Million Share Buyback in Hong Kong Filing](https://longbridge.com/en/news/281038030.md)
- [WeRide Inc. Earnings Call Signals High-Growth Push](https://longbridge.com/en/news/280889711.md)
- [Uber increases stake in WeRide as robotaxi partnership ramps up in Dubai](https://longbridge.com/en/news/281219301.md)
- [WeRide Narrows Q4 2025 Loss](https://longbridge.com/en/news/280167685.md)
- [WeRide and Grab Officially Launch Singapore's First Autonomous Public Ride Service in Punggol | WRD Stock News](https://longbridge.com/en/news/281292162.md)