China’s Horizon Robotics Raises About $821 Million via Hong Kong Top-up Share Placement, Term Sheet Shows

Auto-driving chipmaker Horizon eyes US$815 million in share placement

Second top-up placement in three months seeks to capitalise on investor enthusiasm for AI.

China’s Horizon Robotics raises about $821 million via Hong Kong top-up share placement, term sheet shows

(Reuters) -Chinese autonomous driving solutions provider Horizon Robotics has raised about $821 million through a Hong Kong top-up placement, according to a term sheet seen by Reuters on Friday. The placement includes a final offering size of 639 million Class B ordinary shares of the company, at a final price of HK$9.99 per share. The placement is at a 5.8% discount to Horizon Robotics’ last closing price on Thursday, the term sheet showed. (Re…

China's Horizon Robotics raises about $821 million via Hong Kong top-up share placement, term sheet shows