Core Viewpoint - Hesai Technology successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 4.16 billion through the issuance of 19,550,000 shares at an issue price of HKD 212.80 per share, marking a significant milestone as the first lidar company dual-listed in Hong Kong and the U.S. [1][3] Group 1 - The listing received strong market attention, with the Hong Kong public offering being oversubscribed by nearly 170 times and the international placement being oversubscribed by over 14 times [1] - Hesai Technology is recognized as a global leader in lidar research and manufacturing, focusing on advanced lidar products for applications in advanced driver-assistance systems (ADAS), autonomous vehicles, and various robotic applications [5][6] - According to revenue, Hesai Technology has been the largest lidar supplier globally for the years 2022, 2023, and 2024 [5] Group 2 - DBS Group played a crucial role in the successful listing by leveraging its extensive sales capabilities and integrating resources across its cross-border financial services [3][5] - The successful dual listing reflects the competitiveness and attractiveness of Chinese hard-tech companies in the global market [5]