Latham Advises on WeRide’s HK$2.4 Billion IPO

Latham & Wakins has advised China International Capital Corp (CICC), Morgan Stanley, and J.P. Morgan on WeRide’s HK$2.4 billion initial public offering (IPO) and dual primary listing on the Hong Kong Stock Exchange (HKEX) and the US SEC-registered offering.

WeRide is the first dual primary listed 18C Specialist Technology Company with a weighted voting right structure on the Hong Kong Stock Exchange. Latham previously advised on WeRide’s IPO on the on the Nasdaq Stock Market in October 2024.

WeRide is a global leader in the autonomous driving industry, as well as the first publicly traded Robotaxi company. The company’s autonomous vehicles have been tested or operated in over 30 cities across 11 countries. WeRide is the first and only technology company whose products have received autonomous driving permits in seven markets: China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US.

The Latham team was led by Hong Kong corporate partners Benjamin Su and Terris Tang, with associates Chimmy Tao, Stewart Lai; Foreign Legal Consultants Xiang Ao, Weihao Huang, Kenneth Wang and Yuxuan Chen; and senior paralegals Amy Tai and Candy Mak. Advice was also provided on financial regulatory matters by New York partner Gail Neely, with Hong Kong associate Adrian Hei-Yin Fong and New York associate Shira Mendelsohn; on US regulatory matters by Washington, D.C. partners James Barker and Paul Dudek, with counsel Catherine Hein and associate Asia Cadet; and on tax matters by Los Angeles partner Eric Cho, with San Diego associate Ryan Brenner.