Market Chatter: Horizon Robotics Raises HK$5.4 Billion in Hong Kong IPO, Prices at Top of Range

MT Newswires Live10-23

Horizon Robotics (HKG:9660) raised HK$5.4 billion in its initial public offering in Hong Kong from the issuance of 1.36 billion shares, Bloomberg News reported Tuesday, citing a term sheet.

The Chinese hardware and software company for self-driving technologies priced its IPO at HK$3.99, the top of the range of as low as HK$3.73 apiece.

Cornerstone investors Alibaba (HKG:9988) and Baidu (HKG:9888) committed to purchasing about $220 million of shares in Horizon Robotics, the report said.

The company's shares will start trading Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $5851.20, Change: $-2.8, Percent Change: -0.05%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477370697?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 16:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477370697","market":"sg","top_or_hot":-1,"title":"Market Chatter: Horizon Robotics Raises HK$5.4 Billion in Hong Kong IPO, Prices at Top of Range","media":"MT Newswires Live","content":"<html><body><p> Horizon Robotics (HKG:9660) raised HK$5.4 billion in its initial public offering in Hong Kong from the issuance of 1.36 billion shares, Bloomberg News reported Tuesday, citing a term sheet.</p><p>The Chinese hardware and software company for self-driving technologies priced its IPO at HK$3.99, the top of the range of as low as HK$3.73 apiece.</p><p>Cornerstone investors Alibaba (HKG:9988) and Baidu (HKG:9888) committed to purchasing about $220 million of shares in Horizon Robotics, the report said.</p><p>The company's shares will start trading Thursday.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (HKD): $5851.20, Change: $-2.8, Percent Change: -0.05%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Horizon Robotics Raises HK$5.4 Billion in Hong Kong IPO, Prices at Top of Range</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Horizon Robotics Raises HK$5.4 Billion in Hong Kong IPO, Prices at Top of Range\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 16:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Horizon Robotics (HKG:9660) raised HK$5.4 billion in its initial public offering in Hong Kong from the issuance of 1.36 billion shares, Bloomberg News reported Tuesday, citing a term sheet.The Chinese...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4527","symbol_name":"明星科技股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477370697","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477370697","pubTimestamp":1729673857,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Horizon Robotics  raised HK$5.4 billion in its initial public offering in Hong Kong from the issuance of 1.36 billion shares, Bloomberg News reported Tuesday, citing a term sheet.The Chinese hardware and software company for self-driving technologies priced its IPO at HK$3.99, the top of the range of as low as HK$3.73 apiece.Cornerstone investors Alibaba  and Baidu  committed to purchasing about $220 million of shares in Horizon Robotics, the report said.The company's shares will start trading Thursday.Price : $5851.20, Change: $-2.8, Percent Change: -0.05%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89888":"百度集团-SWR","89988":"阿里巴巴-WR","BK4527":"明星科技股","09988":"阿里巴巴-W","BK4526":"热门中概股","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","HKD":"尚乘数科","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","BK4122":"互联网与直销零售","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","BK1521":"挪威政府全球养老基金持仓","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","09888":"百度集团-SW","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0106252389.USD":"SCHRODER ISF EMERGING MARKETS \"A\" ACC","LU0823426480.USD":"法巴中国股票经典Dis","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","BK1142":"互联网与直销零售","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","09660":"地平线机器人-W","LU0173614495.USD":"富达中国焦点A","BK4565":"NFT概念","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BIDU":"百度","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK1575":"同股不同权","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0048580855.USD":"富达大中华区A","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0228659784.USD":"施罗德金砖四国基金","BABA":"阿里巴巴","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","BK4524":"宅经济概念","BK4220":"综合零售","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD"},"translate_title":"市场热议：地平线机器人港股IPO募资54亿港元定价区间顶部","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89888":0.6,"89988":0.6,"09660":1,"HKD":1,"09888":0.7,"09988":0.7,"BABA":0.6,"BIDU":0.6},"content_text":"Horizon Robotics (HKG:9660) raised HK$5.4 billion in its initial public offering in Hong Kong from the issuance of 1.36 billion shares, Bloomberg News reported Tuesday, citing a term sheet.The Chinese hardware and software company for self-driving technologies priced its IPO at HK$3.99, the top of the range of as low as HK$3.73 apiece.Cornerstone investors Alibaba (HKG:9988) and Baidu (HKG:9888) committed to purchasing about $220 million of shares in Horizon Robotics, the report said.The company's shares will start trading Thursday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price (HKD): $5851.20, Change: $-2.8, Percent Change: -0.05%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477370697"}