bullish

Pony AI

PonyAI and WeRide Secondary HK Trading - Weakish Demand, WeRide Did Better but Trading Lower

458 Views06 Nov 2025 08:08
Pony AI (PONY US) raised around US$860m and WeRide (WRD US) raised around US$310m in their HK Secondary offering. In this note, we talk about the trading dynamics.
What is covered in the Full Insight:
  • Introduction
  • Allocation Results
  • Demand and Coverage Analysis
  • Share Concentration
  • Future Prospects and Potential Investments
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