Horizon Robotics completes Hong Kong IPO with HK$5.873B net proceeds
Horizon Robotics completed its Hong Kong global offering and received approximately HK$5.873 billion of net proceeds including the over-allotment option.
Evidence notes
- The company received about HK$5.217 billion of net proceeds at listing and a further HK$656 million after partial exercise of the over-allotment option.
- Class B shares began trading on the HKEX Main Board under stock code 9660 on 24 October 2024.
- Seventy percent of the net proceeds was allocated to research and development, with the balance assigned to sales and marketing, acquisitions and general corporate purposes.
Company context
Horizon Robotics develops automotive AI chips, Journey processors and driving software for assisted and autonomous vehicle systems.