News: Horizon Robotics' Hong Kong IPO is subscribed by Baillie Gifford, Norwegian Sovereign Wealth Fund, and others

HORIZONROBOT-W successfully completed its Hong Kong IPO on October 24th, raising a total of USD 696 million in subscriptions from Baillie Gifford and the Norwegian Sovereign Wealth Fund. Baillie Gifford's subscription exceeded USD 500 million, enough to cover a portion of institutional investors. The offering consisted of 1.3551 billion shares, with a final offering price of HKD 3.99 per share, expecting to raise approximately HKD 5.142 billion net. The public offering subscription ratio was 33.83 times, the international offering was 13.81 times, and cornerstone investors held a 31.56% stake