WeRide (0800.HK) and Pony.ai (2026.HK) sink on Hong Kong debut as IPO wave tests robotaxi stocks
WeRide and Pony.ai shares fell about 10% and 9% respectively in their Hong Kong trading debuts Thursday, despite raising a combined HK$9.1 billion (US$1.17 billion). Both listings faced heavy IPO competition and doubts over the profitability of autonomous-driving firms. WeRide trades as 0800, Pony.ai as 2026. Hong Kong’s IPO market has surged in 2025, but first-day returns remain mixed.
