The impressive results of HORIZONROBOT-W's IPO in Hong Kong highlight a significant surge of interest among investors. With the offering being oversubscribed by an astonishing 33.83 times and a 100% success rate for one-lot (600 shares), it’s clear that the market is eager for shares in this innovative company.
The international offering also saw robust demand, being subscribed 13.81 times, which further underscores the strong appetite for technology-driven solutions, particularly in the realm of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD).
Priced at the upper limit of the range at $3.99, the final offer generated net proceeds of $5.142 billion, a clear indication of investor confidence in Horizon Robotics’ potential. With 1.355 billion shares offered globally and 10% available in Hong Kong, the listing scheduled for Thursday (24th) is set to attract significant attention.
This IPO not only reflects the growing interest in the tech sector but also positions Hong Kong as a vibrant hub for innovative companies looking to raise capital. Investors are clearly optimistic about the future of autonomous driving technologies, making this a noteworthy event in the financial landscape.