Horizon Robotics (Ticker: 9660.HK) is a Chinese technology company specializing in advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles, powered by its proprietary AI chips. Headquartered in Beijing, the company was founded in 2015 by former Baidu employees, including Yu Kai, and has secured investments from major backers such as Intel, Volkswagen Group, and Hillhouse Investment.
Horizon Robotics will list on the Hong Kong Stock Exchange (HKEX) on October 24, 2024. The company is offering shares to raise approximately HKD 5.27 billion (USD 672.89 million), with an expected market capitalization at the offer of HKD 50.71 billion (USD 6.47 billion). The IPO is managed by Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C., and China Securities (International) Corporate Finance Company Limited.