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Hesai Group raises $4.16b in Hong Kong IPO debut
The company sold 19.55 million shares
China-headquartered firm Hesai Group has raised $4.16b in its initial public offering in Hong Kong.
The group sold 19.55 million shares, including 2.55 million shares through the full exercise of the offer adjustment option.
90% of the shares were allocated as international offers, whilst the remainder was offered to Hong Kong retail investors.
With its Hong Kong debut, the group is now dual-listed alongside its Nasdaq listing.
Hesai Group develops, manufactures, and sells light detection and ranging (LIDAR) sensor solutions often used in cars.
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