Horizon Robotics-W (09660) rose more than 7% at the close, as of press time, up 7.77%, at 4.29 Hong Kong dollars, with a turnover of 0.284 billion Hong Kong dollars.
According to the Wise Wealth Finance APP, Horizon Robotics-W (09660) rose more than 7% at the close, up 7.77% as of press time, at 4.29 Hong Kong dollars, with a turnover of 0.284 billion Hong Kong dollars.
Tianfeng Securities pointed out that on October 24th, Horizon Robotics was listed on the main board of the Hong Kong Stock Exchange. After the over-allotment option, the financing size reached 6.22 billion Hong Kong dollars, with a market cap exceeding 50 billion Hong Kong dollars. It is the largest fundraising scale for Hong Kong stocks IPO projects in the technology industry this year, apart from the secondary listings in both places.
In addition, data from the Gao Gong Smart Automotive Research Institute shows that in the first half of this year, Horizon Robotics ranked first with a market share of 28.65% in the smart driving solutions carried on domestic passenger vehicles in the Chinese market. In the forward-looking integrated computing solution market (L2ADAS), Horizon Robotics also ranked first with a market share of 33.73%. Caitong Securities pointed out that Horizon Robotics' revenue primarily comes from automotive solutions, with a cumulative total of over 270 vehicle models targeted by the end of the first half of the year.