Horizon Robotics seeks up to HKD 5.4 billion through IPO on Hong Kong Stock Exchange

Published: Oct 16, 2024 17:26

Source: gasgoo

Save

On October 16, Horizon Robotics announced its official launch of its Initial Public Offering (IPO) on the Hong Kong Stock Exchange.

Beijing (Gasgoo)- On October 16, Horizon Robotics announced its official launch of its Initial Public Offering (IPO) on the Hong Kong Stock Exchange. According to the company's statement, it plans to issue 1.355 billion shares globally, with 135,511,200 shares (10%) allocated for the Hong Kong public offering and around 1.219 billion shares (90%) for international sale.

The price range is set between HKD 3.73 and HKD 3.99 per share, with a minimum purchase of 600 shares per lot. The company aims to raise up to HKD 5.4 billion through this offering.

The public offering in Hong Kong began at 9:00 AM on October 16 and will close at 12:00 PM on October 21. Pricing is expected to be finalized on October 22, with the shares set to begin trading on the Hong Kong Stock Exchange on October 24.

Horizon Robotics specializes in providing core hardware and software solutions for advanced driver assistance systems (ADAS) and high-level autonomous driving. The company’s IPO prospectus reveals that Horizon Robotics’ hardware and software integrated solutions have been adopted by 27 OEMs’ 42 brands, featured in 290 vehicle models.

From 2021 to 2023, Horizon Robotics’ annual revenue grew from RMB 467 million to RMB 1.552 billion, with a compound annual growth rate of 82.3%. The company recorded a 151.6% year-on-year surge in revenue in the first half of 2024, which reached RMB 935 million, with a gross margin of 79%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 1, 2026 09:28

Volvo Became Lynk & Co's Exclusive EV Dealer in Europe

[Volvo Cars to Exclusively Sell Lynk & Co EVs in Europe] On March 30, Volvo Cars announced that it had signed a memorandum of understanding with Geely Automobile to become the exclusive importer and dealer of EVs under Geely’s Lynk & Co brand in the European market. Volvo Cars said: “The company plans to sell Lynk & Co car models through Volvo Cars’ retail network and use its sales and after-sales system in relevant markets.”

Apr 1, 2026 09:28

Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure

[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.

Apr 1, 2026 09:28

Apr 1, 2026 09:27

Toyota Motor’s Global Sales Fell 2.3% YoY in February

[Toyota Motor’s Global Sales Fell 2.3% in February] Toyota Motor announced on March 30 that its global sales in February (including the Lexus brand and subsidiaries Daihatsu Motor and Hino Motors) fell 2.3% YoY to 806,905 units. Among them, February sales of the Toyota and Lexus brands declined 3.3% to 737,134 units; domestic sales in Japan fell 8.3% to 122,264 units, while sales outside China declined 2.2% to 614,870 units.

Apr 1, 2026 09:27