Horizon Robotics shares jump 28.3% in Hong Kong trading debut
Adds background from paragraph 5
By Scott Murdoch and Donny Kwok
SYDNEY, Oct 24 (Reuters) -Shares of Horizon Robotics 9660.HK soared 28.3% in its trading debut on Thursday after the Chinese autonomous vehicle maker raised $696 million in this year's largest initial public offering (IPO) in Hong Kong.
The company sold 1.355 billion shares at HK$3.99 each, according to the company's filings.
The stock began trading at HK$5.12 each, while the Hang Seng Index .HSI was down 0.9% early in the session on Thursday. It was the most actively traded stock by turnover in early trade.
Horizon Robotics' deal eclipsed the one by China Resources Beverage 2460.HK, which last week finalised its $650 million new share sale. It is also the largest tech sector IPO in Hong Kong since SenseTime Group 0020.HK raised $740 million in late 2021.
Horizon Robotics' shares surged, following China Resources Beverage gaining 15% on its debut in Hong Kong on Wednesday.
The positive performances will give dealmakers hope the negative sentiment towards Hong Kong IPOs in the past two years as the result of volatile financial markets and globally high interest rates is starting to ease.
New share sale volumes in Hong Kong, ahead of China Resources Beverage and Horizon Robotics, were at the lowest level in two decades, according to Dealogic data.
Retail investors bid for nearly 34 times the amount of stock on offer in Horizon Robotics' IPO while the institutional portion was 14 times covered, according to the company's filings.
Horizon Robotics had an implied market capitalisation of $6.7 billion from the IPO, according to its filings.
Reporting by Scott Murdoch and Donny Kwok; Editing by Tom Hogue and Muralikumar Anantharaman
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
