Smart Driving Brake Tech Firm Soars 84% on Hong Kong Debut

Deep News08-07 09:51

NASN TECH (02261) made a strong start to its public listing on the Hong Kong stock exchange, with shares surging 84.36% from its initial public offering (IPO) price in early trading.

According to the company's prospectus, the IPO was priced at HK$10.42 per share, with a total of 57.5945 million shares issued. Each board lot comprises 100 shares, and the net proceeds from the offering are approximately HK$533 million. As of the time of writing, the stock was trading at HK$19.21, with a trading volume of HK$137 million.

The company develops motion control technology for intelligent driving, currently offering a wire-controlled braking solution. NASN TECH focuses on providing mission-critical wire-controlled braking solutions for smart driving, integrating fully self-developed control algorithms, software, and hardware.

According to data from consulting firm Frost & Sullivan, NASN TECH is the first company in China to apply its electronic control braking assist solution (NBS solution) for commercial operation of L4-level autonomous vehicles. It is also the earliest Chinese company to supply its independently developed electronic control braking assist solution (NBS solution) to leading domestic electric vehicle manufacturers. Based on sales volume of wire-controlled braking solutions in 2025, the company ranks as the second-largest domestic independent third-party supplier of wire-controlled braking solutions in China.

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