Chinese Robotaxi Firms Lead $1.9 Billion Hong Kong Listing Spree

Robotaxi operators Pony AI Inc. and WeRide Inc. were among four Chinese firms that launched first-time share sales in Hong Kong Tuesday to raise a combined $1.9 billion, further expanding the city’s stock listing boom.

Pony AI — which went public in the US last year — is seeking to raise as much as HK$7.55 billion ($972 million) in its Hong Kong listing, with an option to increase the deal’s size.

Rival firm WeRide, which also had its US initial public offering a year ago, is looking to raise as much as HK$3.1 billion in the Asian financial hub.