HESAI-W fully exercised the over-allotment option
Hesai-W announced that it has exercised the over-allotment option on September 16, 2025, involving 2.9325 million shares, accounting for 15% of the total number of shares offered globally. The offering price per share is HKD 212.80, and the over-allotted shares will be used to cover the excess allocation of the international offering. The Stock Exchange has approved its listing, and trading is expected to commence at 9:00 AM on September 19, 2025
According to the announcement from Hesai-W (02525), the sponsor and overall coordinator (for themselves and on behalf of the international underwriters) have fully exercised the over-allotment option described in the prospectus on September 16, 2025, involving a total of 2.9325 million shares for sale, accounting for 15% of the total number of shares available for subscription in the global offering (after the exercise of the overallotment option but before any over-allotment rights are exercised).
The over-allotted shares will be issued and allocated by the company at a price of HKD 212.80 per share. The over-allotted shares will be used to cover the excess allocation in the international offering.
The Stock Exchange has approved the listing and trading of the over-allotted shares. The over-allotted shares are expected to commence trading on the main board of the Stock Exchange at 9:00 AM on September 19, 2025
