Shares of Horizon Robotics, a Chinese automotive solutions provider, surged 33.08% on its Hong Kong trading debut on Thursday, October 24, 2024. The company's strong market debut followed its successful initial public offering (IPO) on the Hong Kong Stock Exchange.
Horizon Robotics raised HK$5.14 billion (approximately $696 million) in net proceeds from its Hong Kong IPO after pricing its shares at the top end of the indicative range at HK$3.99 per share. The company's IPO was met with robust investor demand, with the public offering portion being oversubscribed by 33.83 times and the international offering oversubscribed by 13.81 times.
The strong investor interest and successful IPO pricing are believed to be the key factors driving Horizon Robotics' impressive stock performance on its listing day. The company's ability to raise a significant amount of capital through the IPO has likely boosted investor confidence in its growth prospects and future plans.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。