Data from third-party institutions reveals that as of 6:30 PM on September 8th, the subscription volume for Hesai Technology’s Hong Kong initial public offering (IPO) on its first day of availability soared to HK$10.2 billion. This figure vastly surpasses the company’s planned fundraising target of HK$3.88 billion. The financing subscription multiple exceeded 25 times, and market analysts estimate that it could reach a maximum of over 55 times.
