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
Viewpoint News: On October 24th, in the capital market news, Baillie Gifford and the Central Bank of Norway Investment Management invested $696 million in Horizon's Hong Kong initial public offering (IPO). Baillie Gifford proposed to subscribe for over $500 million, which is enough to buy the portion of shares left for institutional investors (excluding the portion for cornerstone investors).
According to previous reports, on October 23rd, Horizon Robotics-W released the final offering price and allocation results announcement. The announcement indicated that Horizon Robotics will be listed on the Hong Kong Stock Exchange on Thursday, October 24, 2024, with the stock code 9660.
The total number of shares offered under this global offering is 1.3551 billion shares, with 203.26 million shares offered in Hong Kong and 1.15184 billion shares offered internationally. The final offering price is HKD 3.99 per share. Based on the offering price, the total proceeds are approximately HKD 5.407 billion, and the net proceeds are approximately HKD 5.142 billion.
In terms of allocation results, the number of valid applications for public offering is 28,115, with a subscription rate of 33.83 times. The number of international underwriters is 163, with a subscription rate of 13.81 times. Horizon Robotics also introduced cornerstone investors, including Alisoft China Holding Limited, Baidu (Hong Kong) Limited, etc., with a total shareholding ratio of 31.56%