In 2024, about 28 per cent of its revenues came from exports, mainly to North America, Europe and Asia-Pacific
Hesai Group, the world’s largest supplier of automotive Lidar sensors, is seeking to raise up to HK$3.9 billion (US$500 million) from a dual primary listing in Hong Kong, as Chinese firms face possible delisting from US bourses under the Trump administration.
The company plans to issue up to 17 million shares at a maximum price of HK$228 per share, with 10 per cent offered to Hong Kong public investors and the remaining 90 per cent to international investors, according to its listing documents. The company also has an overallotment option that could increase the offering by up to 2,932,500 additional shares if demand is strong.
The offering opened on Monday and closes on Thursday, with the final price to be determined by Friday. The shares are scheduled to be listed on the main board of the Hong Kong stock exchange on September 16.
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