Hesa-W Excessally Allocates 2.9325 Million Shares

Summary

Hesai-W exercised its overallotment option on September 16, 2025, issuing 2.9325 million shares at HKD 212.80 each, representing 15% of the total global offering. The shares will begin trading on September 19, 2025.Zhitong

Impact Analysis

So basically, Hesai-W’s decision to exercise the overallotment option and issue an additional 2.9325 million shares at HKD 212.80 each is a strong signal of robust demand and investor confidence. The shares closed at HKD 234 on their first trading day, a 10% increase from the offer price, indicating positive market reception HongKong Economic Journal. This move not only raises an additional HKD 6.06 billion but also solidifies Hesai’s financial position to fund its R&D and production capacity investments 观点网+ 2. The interesting part isn’t just the oversubscription, but the fact that Hesai is now the first lidar company with dual primary listings in the US and Hong Kong, which could enhance its visibility and investor base 雷帝网. Market’s missing that this dual listing could lead to increased liquidity and potentially higher valuations. Watching how competitors respond to this strategic positioning will be key.