Horizon Robotics Raises $696 Million in Hong Kong IPO (1)

Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion ($696 million), according to terms of the deal obtained by Bloomberg News.

The company priced the shares at HK$3.99 each, the terms show. It has been taking orders for 1.36 billion shares at a range of HK$3.73 to HK$3.99 each.

Horizon Robotics expects to list shares Thursday.

Order books were covered shortly after the company started taking investor orders last week, Bloomberg News reported, reflecting strong demand for ...