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Chinese autonomous driving firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering, as the city's listings market shows signs of renewed activity after a nearly two-year slump. The company will sell 1.36 billion shares in a price range of HK$3.73 to HK$3.99 ($0.51) each, according to the company's filings. If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverag…

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Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024

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CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering, as the city’s listings market shows signs of renewed activity after a nearly two-year slump.

Business Times

Horizon Robotics seeks US$696 million in Hong Kong IPO, would be city’s largest in 2024

Chinese autonomous driving startup Horizon Robotics is gearing up to raise up to $696 million through an initial public offering (IPO) in Hong Kong. After nearly two years of quiet on the city’s listings scene, activity is picking up again, with […] The post Horizon Robotics, a Chinese rival to Nvidia, eyes $696 million in Hong Kong’s biggest IPO of 2024 first appeared on Tech Startups.

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Horizon Robotics, a Chinese rival to Nvidia, eyes $696 million in Hong Kong’s biggest IPO of 2024 - Tech Startups

Horizon Robotics, a prominent player in the realm of autonomous driving technology, has announced its intention to secure up to $696 million through an initial public offering (IPO) in Hong Kong.  This move comes as the city’s capital markets begin to exhibit signs of revitalization following a prolonged period of inactivity lasting nearly two years. According to the company’s regulatory filings, Horizon Robotics plans to offer 1.36 billion shar…

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Can Horizon Robotics revitalize Hong Kong’s IPO market with its $696 million listing?

Horizon Robotics seeks $696 mln in Hong Kong IPO, would be city's largest in 2024

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