09660 地平線機器人－Ｗ
HORIZONROBOT-W
HORIZONROBOT-W
| Listing Date | 2024/10/24 |
| Listing Price | 3.990 |
Quote
Subscription Result
- Subscription Rate33.83x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Horizon Robotics is a leading provider of advanced driver assistance systems (“ADAS”) and autonomous driving (“AD”) solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. The Group’s solutions combine algorithms, purpose-built software and processing hardware, providing the core technologies for assisted and autonomous driving that enhance the safety and experience of drivers and passengers.
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The Group is the first and have consistently been the largest Chinese company providing integrated ADAS and AD solutions in terms of overall solution installation volume since the mass deployment of its solutions in 2021, according to CIC. It ranked the fourth among all global ADAS and AD solution providers in China by overall solution installation volume in 2023 and the first half of 2024, with a market share of 9.3% and 15.4%, respectively.
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The Group’s integrated solutions have been selected by 27 OEMs (42 OEM brands) for implementation in over 285 car models, as of October 8, 2024. All top 10 Chinese OEMs have selected its solutions for mass production into their passenger vehicle models. The Group act as a tier-two supplier in the industry supply chain and generate the vast majority of its revenue from the sale of ADAS and AD solutions as well as the corresponding licensing and services to OEMs and tier-one automotive suppliers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 600 |
GLOBAL OFFERING
| No. of Offer Shares | 1.36B shares |
| No. of International Offer Shares | 1.15B shares |
| No. of HK Offer Shares | 203.27M shares |
| Offer Price | $3.73 - $3.99 |
| Stock Code | 9660 |
| Sponsor(s) | Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, China Securities (International) Corporate Finance Company Limited, CLSA Limited, Deutsche Bank AG, Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited, CMB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, BOCOM International Securities Limited, CCB International Capital Limited, ICBC International Securities Limited, Futu Securities International (Hong Kong) Limited, CEB International Capital Corporation Limited, DBS Asia Capital Limited, GF Securities (Hong Kong) Brokerage Limited, SDICS International Securities (Hong Kong) Limited, ABCI Securities Company Limited, BOCI Asia Limited, Celestial Securities Limited, Livermore Holdings Limited |
TIME TABLE
| Application Period | Oct 16 (Wed) - noon, Oct 21 (Mon) |
| Price Determination Date | Oct 22 (Tue) |
| Result Announcement Date | On or before Oct 23 (Wed) |
| Result Announcement Date | On or before Oct 23 (Wed) |
| Result Announcement Date | On or before Oct 24 (Thu) |
| Dealings in Shares commence on | Oct 24, 2024. (Thu) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 13X - 46X | 46X - 92X | Over 92X |
| % of total shares reallocated to HK Offer | 15% | 20% | 40% |
Sales Statistics (HKD)
| Offer Price | $3.73 - $3.99 |
| Capitalization | 48.60B - 51.99B |
| NAV / share ($) | $1.02 - $1.04 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 3.86, the net proceeds raised would be HKD 4.97B, of which |
| 70% : Research and development purposes |
| 10% : Sales and marketing related expenses |
| 10% : Future strategic investment into our joint ventures |
| 10% : Working capital |
IPO NEWS
| 24/10/2024 16:08 |
| {New Stock}HORIZONROBOT-W(09660) ends up 2.76% at HK$4.1 |
| 24/10/2024 09:20 |
| {New Stock}HORIZONROBOT-W(09660) opens up 28.32% at HK$5.12 |
| 23/10/2024 18:35 |
| {New Stock}HORIZONROBOT-W ends up 25.82% on grey market |
| 23/10/2024 16:20 |
| {New Stock}HORIZONROBOT-W(09660) up 22.31% on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).