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On September 5th, Hesai Technology made an official announcement on its website, revealing that it had formally initiated its global offering strategy subsequent to successfully passing the Hong Kong Stock Exchange's listing hearing. Hesai Group is set to issue 17 million Class B shares, with each share carrying a maximum offering price of HK$228.00 (equivalent to US$29.04) in the Hong Kong market. Additionally, the company's Class B ordinary shares are scheduled for a dual primary listing on the Main Board of the Hong Kong Stock Exchange, under the stock code 2525. The company has also forged cornerstone investment agreements with a number of prestigious institutions, including HHLR Advisors (a subsidiary of Hillhouse Group), Taikang Life Insurance, WT Asset Management, Grab, Hongda Group, and Commando Global Fund.
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