Horizon's Hong Kong IPO approved by the Securities and Futures Commission

The China Securities Regulatory Commission recently announced the filing notice for Horizon Robotics' overseas offering and listing, which means that Horizon's initial public offering (IPO) in Hong Kong has been officially approved by the China Securities Regulatory Commission. The number of common shares to be issued overseas this time will not exceed 1.15 billion shares, and it is expected to be listed on the Hong Kong Stock Exchange. If Horizon fails to complete the overseas offering and listing within 12 months from the date of issuance of the filing notice and wishes to continue to move forward, it will need to update the filing materials.