Latham & Watkins Advises on WeRide HK$2.4 Billion Dual Primary IPO and HKEX Listing

Latham & Watkins advised China International Capital Corp (CICC), Morgan Stanley and J.P. Morgan in connection with WeRide’s HK$2.4 billion initial public offering and dual primary listing on the Hong Kong Stock Exchange, alongside a US SEC-registered offering. The transaction comprised a HK$2.4 billion initial public offering and a dual primary listing on the Hong Kong Stock Exchange, together with an offering registered with the US Securities and Exchange Commission. WeRide is the first dual primary listed 18C Specialist Technology Company on the Hong Kong Stock Exchange to adopt a weighted voting rights structure. Latham & Watkins previously advised on WeRide’s IPO on the Nasdaq Stock Market in October 2024. WeRide is a global leader in the autonomous driving industry and the first publicly traded Robotaxi company. Its autonomous vehicles have been tested or operated in more than 30 cities across 11 countries. The company is the first and only technology firm whose products have received autonomous driving permits in seven jurisdictions: China, the United Arab Emirates, Singapore, France, Saudi Arabia, Belgium and the United States. Latham & Watkins represented China International Capital Corp (CICC), Morgan Stanley and J.P. Morgan with a team composed by: Hong Kong corporate partners Benjamin Su and Terris Tang; associates Chimmy Tao and Stewart Lai; Foreign Legal Consultants Xiang Ao, Weihao Huang, Kenneth Wang and Yuxuan Chen; and senior paralegals Amy Tai and Candy Mak. Financial regulatory advice was provided by New York partner Gail Neely, with Hong Kong associate Adrian Hei-Yin Fong and New York associate Shira Mendelsohn. US regulatory matters were handled by Washington, D.C. partners James Barker and Paul Dudek, with counsel Catherine Hein and associate Asia Cadet. Tax matters were advised by Los Angeles partner Eric Cho, with San Diego associate Ryan Brenner.

Latham & Watkins Advises on WeRide HK$2.4 Billion Dual Primary IPO and HKEX Listing

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