Reported about 1 month ago
Horizon Robotics saw its shares soar nearly 38% upon debut in Hong Kong, though it closed just 2.8% higher due to profit-taking and a broader slump in tech stocks, with the Hang Seng Tech Index dropping 2.6%. The Chinese autonomous driving tech firm raised $696 million in an IPO that attracted significant interest from notable investors. Despite the volatility, market sentiment for Hong Kong IPOs is improving, with a strong line-up of companies looking to list.
Source: YAHOO