NasdaqGS:HSAIAuto Components
Hesai Group (HSAI) Drops 6.2% After Securing Approval for Secondary Listing in Hong Kong
Hesai Group, a Shanghai-based maker of lidar sensors for vehicles, received regulatory approval to list up to 51.2 million ordinary shares in Hong Kong after confidentially filing for a secondary listing, and reportedly aims to raise about US$300 million; the timing and final size of the offering could still change.
This move positions Hesai Group among the first US-listed Chinese firms to pursue a Hong Kong listing following renewed delisting concerns in the US this year, potentially...