StoryFunding
Hesai Group lists on Nasdaq with ticker HSAI, raising $190 million in IPO
Hesai Group completed its initial public offering on Nasdaq on February 9, 2023, pricing 10 million American Depositary Shares at $19 per share for gross proceeds of $190 million. The offering was the largest Chinese IPO in the US since DiDi's 2021 listing, and made Hesai the first Chinese lidar company to list on Nasdaq.
- IPO date: February 9, 2023; ticker: HSAI.
- Pricing: $19 per ADS; gross proceeds: $190 million.
- Largest Chinese US IPO since DiDi (2021).
- First Chinese lidar company on Nasdaq.