Core Points - The company Xiaoma Zhixing-W (02026.HK) plans to conduct an initial public offering (IPO) from October 28 to November 3, 2025, with a global offering of 41.9557 million shares, where 10% is allocated for public sale in Hong Kong and 90% for international sale, along with a 15% over-allotment option [1] - The public offering price is set at a maximum of HKD 180.00 per share, with the A-class ordinary shares expected to start trading on the Hong Kong Stock Exchange on November 6, 2025 [1] - Cornerstone investors including Eastspring, Ghisallo, Hel Ved, and Ocean Arete have committed to subscribe for shares totaling USD 120 million at the international offering price [1] - The net proceeds from the global offering are expected to be approximately HKD 7.1936 billion, with around 50% allocated for market entry strategies to achieve large-scale commercialization of Level 4 (L4) autonomous driving technology over the next five years, and about 40% for ongoing investment in the research and development of L4 autonomous driving technologies and solutions [1] - Xiaoma Zhixing is a leader in the large-scale commercialization of L4 autonomous driving services, being the only company with full licenses to provide public autonomous driving services in four first-tier cities, operating a fleet of over 720 self-owned autonomous taxis [1] - The company is also the first in China authorized to conduct L4 autonomous truck platooning tests on interprovincial highways, operating a fleet of over 170 self-owned and leased autonomous trucks [1]
小马智行-W启动招股 拟全球发售4195.57万股股份
Zheng Quan Shi Bao Wang·2025-10-28 00:56