Seyond (2665.HK), a global provider of image-grade LiDAR solutions, made its official entry onto the Hong Kong Stock Exchange on December 10th via the De-SPAC route. This move marked it as the third company to go public on the Hong Kong Stock Exchange through this innovative method. The listing exercise successfully garnered approximately HK$1.027 billion in capital.

During its inaugural trading session, Seyond's stock price experienced a notable surge, climbing by 13% at one juncture to reach HK$11.3. This performance propelled the company's market capitalization to exceed HK$14.6 billion. Junwei Bao, the founder of Seyond, holds a firm belief that LiDAR technology is an indispensable component in the modern technological landscape.

Seyond was established in 2016 by Junwei Bao and Yimin Li. As a trailblazer in the LiDAR industry, Seyond has racked up a plethora of industry-leading achievements. Notably, it stands as the world's inaugural supplier to have successfully achieved mass production of automotive-grade high-performance LiDAR solutions. Over the period from 2022 to 2024, Seyond secured the second-highest position globally in terms of cumulative sales revenue derived from ADAS LiDAR solutions.