Chinese autonomous driving software and hardware company, Horizon Robotics, has successfully completed its initial public offering in Hong Kong, raising HK$5.4 billion ($696 million). The company priced its shares at HK$3.99 each, which was at the upper end of its target range.
This capital injection will support Horizon Robotics' technology advancements and market expansion in the autonomous vehicle sector.
The IPO generated significant interest, with orders for 1.36 billion shares placed within a price range of HK$3.73 to HK$3.99.