Core Viewpoint - Hesai Technology's stock price has dropped significantly, reaching 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 171.40, with a decline of 4.725%, and hit an intraday low of HKD 166.80, marking a new record low since its IPO [1]. - The stock price has fallen below the initial public offering price [1]. Group 2: IPO Details - Hesai Technology 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 the Hong Kong public and 17,595,000 shares for international investors [1]. - The final offer price was set at HKD 212.80, with a maximum indicative price of HKD 228.00, raising a total of HKD 4,160.24 million, and a net amount of HKD 4,005.25 million after expenses [3]. Group 3: Use of Proceeds - Approximately 50% of the net proceeds from the IPO is planned for research and development investments, 35% (around HKD 1,297.1 million) for production capacity investments, 5% for business development, and 10% 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, with HHLRA being the largest investor contributing USD 50 million [4].
禾赛科技跌4.7%创新低 上市募41.6亿港元高瓴浮亏