China's HorizonRobotics Gets Approval for Overseas Listing

TapTechNews August 9th news, the China Securities Regulatory Commission announced that it has released a notice on the filing for overseas issuance and listing of HorizonRobotics today.

According to the data of the China Securities Regulatory Commission, Horizon plans to issue no more than 1,153,546,800 overseas-listed common shares and list on the Hong Kong Stock Exchange.

Public information shows that the founder of Horizon, Yu Kai, is an internationally renowned scientist with about 25 years of R & D experience in the field of computer engineering. Before founding the company, he served as the vice president of Baidu Research Institute from April 2012 to June 2015.

Since the establishment of HorizonRobotics, it has received multiple investments. The investors include SAIC, GAC, Great Wall, BYD, FAW, Intel, Yunfeng Capital, FiveYuan Capital, Sequoia Capital, Hillhouse, Blackstone, SK Hynix, CATL, Luxshare Precision, Xingyu shares,韦尔股份,舜宇光学 and other shareholders, with a cumulative financing of more than 3.4 billion US dollars (TapTechNews note: currently about 24.402 billion RMB).