Core Viewpoint - Hesai Technology's stock price has significantly declined since its IPO, currently trading at 140.90 HKD, which is 33.79% lower than its IPO price, marking a record low since its listing [1] Group 1: Stock Performance - Hesai Technology's stock closed at 140.90 HKD, down 7.728% on the day, with an intraday low of 139.80 HKD, the lowest since its IPO [1] - The company has experienced a cumulative decline of 33.79% since its listing on September 16, 2025 [1] Group 2: IPO Details - The final offer price for Hesai Technology was set at 212.80 HKD, with a maximum public offer price of 228.00 HKD, raising a total of 4,160.24 million HKD [3] - After deducting estimated listing expenses of 154.99 million HKD, the net proceeds amounted to 4,005.25 million HKD [3] Group 3: Use of Proceeds - Approximately 50% of the net proceeds is planned for research and development investments [3] - About 35% (or approximately 1,297.1 million HKD) 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 50 million USD based on the indicative offer price of 228.00 HKD [4]
破发股禾赛科技跌7.73%创新低 上市累跌34%高瓴浮亏