China’s Horizon Robotics readied to charge shares at prime of selection to raise $696 million in Hong Kong Initial Public Offering, sources state

(Reuters) – Chinese impartial driving firm Horizon Robotics has truly valued its shares at HK$ 3.99 every, the highest of its selection, to raise $696 million in a going public in Hong Kong, based on 2 sources with straight understanding of the problem.

The sources can’t be known as speaking about secret data.

Horizon Robotics decreased to speak about its Initial Public Offering costs.

(Reporting by Scott Murdoch in Sydney and Kane Wu in Hong Kong; Editing by Jamie Freed)