Horizon Robotics Lists on Hong Kong Stock Exchange
TMTPOST -- China's leading intelligent driving company Horizon Robotics has officially debuted on the Hong Kong Stock Exchange.
At 9:30 a.m., Horizon Robotics commenced trading on the exchange, priced at the upper limit of the offering range of 3.99 Hong Kong dollars.
In less than 2 minutes, the price surged by over 35% to 5.39 Hong Kong dollars.
Following the opening, Horizon Robotics' total market value briefly reached 70.62 billion Hong Kong dollars. Horizon Robotics has also become the largest mainland Chinese company by market value to be listed on the Hong Kong stock market this year.
Currently, the total market value of Horizon Robotics has reached 64.7 billion Hong Kong dollars. Notably, the public offering of Horizon Robotics received 33.83 times oversubscription, while the international offering received 13.81 times oversubscription.
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