Black Sesame Technologies,  the first stock of domestic smar...

Black Sesame Technologies, the first stock of domestic smart car driving chips, was listed on the HKEX on Thursday. On its debut, the stock price fell below its issue price of HK$ 28, dropping as much as 34% to HK$ 18.5 at its lowest.

The public offering portion of Black Sesame was oversubscribed by 2.52 times, while the international offering was oversubscribed by 1.05 times.

Black Sesame Tech. says the company raises hundreds of millions of dollars from #Xiaomi and others during the Series C funding, bringing its valuation to near $2 million.