Core Viewpoint - Hesai Technology's stock price has reached a new low since its listing, indicating potential challenges in market performance and investor sentiment [1] Group 1: Stock Performance - Hesai Technology's stock closed at HKD 210.60, with a minimum intraday price of HKD 208.60, marking a new low since its listing [1] - The stock price has fallen below its initial public offering (IPO) price, which was HKD 212.80 [1][3] Group 2: IPO Details - The final IPO price for Hesai Technology was HKD 212.80, with a maximum public offering price of HKD 228.00, raising a total of HKD 4,160.24 million [3] - After deducting estimated listing expenses of HKD 154.99 million, the net proceeds from the IPO amounted to HKD 4,005.25 million [3] Group 3: Use of Proceeds - Approximately 50% of the net proceeds is planned for research and development investments [3] - About 35% (approximately HKD 1,297.1 million) is allocated for production capacity investments to ensure the delivery of high-performance products [3] - Around 5% is designated for business development to accelerate expansion, and 10% is for working capital and general corporate purposes [3] Group 4: Cornerstone Investors - Major cornerstone investors include HHLRA, Taikang Life, WT Asset Management, Grab Inc., Hongda Group, and Commando Global Fund [3] - HHLRA is the largest cornerstone investor, contributing USD 50.0 million based on the indicative offer price of HKD 228.00 [4]
破发股禾赛科技盘中创新低 上市募41.6亿港元高瓴浮亏