IPO Update: Hesai Group Pursues $162 Million U.S. IPO

Feb. 03, 2023 2:14 PM ETHesai Group (HSAI) StockHSAI1 Comment

Summary

  • Hesai Group has filed proposed terms for a $162 million U.S. IPO.
  • The firm designs and manufactures LiDAR imaging systems for various applications, including autonomous mobility.
  • HSAI has grown revenue and is a major player in the global LiDAR industry but faces ongoing risks from unpredictable Chinese government intervention.
  • I'm on Hold for the HSAI IPO.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On Hesai Group

Hesai Group (NASDAQ:HSAI) has filed to raise $162 million in an IPO of its American Depositary Shares representing underlying Class B ordinary shares, according to an amended F-1/A registration statement.

The firm develops

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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