Baillie Gifford & Co. and Norges Bank Investment Management have emerged as significant investors in Horizon Robotics' recent IPO in Hong Kong, which raised $696 million.

This reflects strong interest in Horizon Robotics and the increasing attractiveness of technology firms in the investment landscape.

Baillie Gifford placed an order exceeding $500 million, covering the entire allocation for institutional investors, excluding the cornerstone tranche. The IPO was oversubscribed, resulting in smaller allocations than the orders placed.