Core Viewpoint - Hesai Technology's stock price has dropped significantly, reaching a new low since its listing, indicating potential challenges in the market and investor sentiment [1]. Summary by Sections Stock Performance - Hesai Technology's shares closed at HKD 188.00, reflecting a decline of 10.73% and falling below the initial public offering price [1]. IPO Details - The company was listed on the Hong Kong Stock Exchange on September 16, 2025, with a total of 19,550,000 shares offered globally, including 1,955,000 shares for Hong Kong and 17,595,000 shares for international investors [1]. Use of Proceeds - The net proceeds from the IPO, amounting to HKD 4,005.25 million after deducting estimated listing expenses, are planned to be allocated as follows: - Approximately 50% for research and development investments - About 35% (or HKD 1,297.1 million) for production capacity investments - Approximately 5% for business development - About 10% for working capital and general corporate purposes [3]. Cornerstone Investors - Key cornerstone investors include HHLRA, Taikang Life, WT Asset Management, Grab Inc., Hongda Group, and Commando Global Fund, with HHLRA being the largest investor [3][4]. - HHLRA's investment was USD 50 million, while other investments included USD 28 million from Taikang Life and USD 30 million from WT Asset Management [4].
禾赛科技跌10.73%创新低 上市募41.6亿港元高瓴浮亏