Core Viewpoint - Hesai Technology's stock price has significantly declined, reaching a record low since its IPO, indicating potential challenges in market performance and investor confidence [1] Group 1: Stock Performance - Hesai Technology's stock closed at HKD 154.90, down 8.614%, with an intraday low of HKD 154.00, marking the lowest price since its listing [1] - The stock has fallen below its 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 final offer price of HKD 212.80 and a maximum public offer price of HKD 228.00 [3] - The total amount raised from the global offering was HKD 4,160.24 million, with a net amount of HKD 4,005.25 million after deducting estimated listing expenses [3] Group 3: Use of Proceeds - Approximately 50% of the net proceeds from the offering 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] - 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][4] - HHLRA is the largest cornerstone investor, contributing USD 50 million, followed by Taikang Life with USD 28 million and WT Asset Management with USD 30 million [4]
港股破发股禾赛科技跌8.61% 募41.6亿港元高瓴浮亏