Hesai Group preparing to list shares in Hong Kong to raise approximately $300 million

Hesai Group preparing to list shares in Hong Kong to raise approximately $300 million

Hesai Group, the world's largest maker of lidar sensors for vehicles, is set to list its shares in Hong Kong, according to sources familiar with the matter. The Shanghai-based company, currently listed on the Nasdaq Stock Market, is planning to raise approximately $300 million through the offering [1].

Deliberations are ongoing, and the size and timing of the deal may change. Hesai Group won approval from China's securities regulator to list as many as 51.2 million ordinary shares in Hong Kong. The company had confidentially filed for the Hong Kong listing [2].

This move by Hesai Group could be the first of a batch of US-listed Chinese firms, such as hotel chain Atour Lifestyle Holdings Ltd. and robotaxi firm Pony AI Inc., to list their shares in Hong Kong following renewed delisting risks in the US this year [1].

Analysts have mixed sentiments towards Hesai Group's stock. While some see potential in its strong revenue growth and improving gross margins, others express concerns about ongoing profitability and cash flow challenges, as well as valuation concerns [2].

Hesai Group's focus on developing advanced lidar technology, crucial for applications like autonomous vehicles, underscores its strategic importance in the market. The company's recent technical sentiment signal is a 'Buy,' indicating positive market sentiment [2].

The completion of the offering and listing is contingent upon stock exchange approval and market conditions. As the company prepares for its Hong Kong listing, investors and financial professionals will be closely watching the developments.

References:
[1] https://www.bloomberg.com/news/articles/2025-08-27/lidar-maker-hesai-group-is-said-to-plan-hong-kong-listing-soon
[2] https://www.tipranks.com/news/company-announcements/hesai-group-moves-forward-with-hong-kong-listing-plans