"Horizon Robotics Raises $821 Million Through Share Placement and Subscription"

"Davis Polk advised Horizon Robotics on a share placement and subscription of 639,028,800 new shares, raising approximately HK$6.384 billion ($821 million). Horizon Robotics, listed on the Hong Kong Stock Exchange, specializes in advanced driver assistance systems and autonomous driving solutions, aiming to make intelligent driving accessible to all. The advisory team included partners and associates from Davis Polk's Hong Kong and Beijing offices."

Davis Polk advised Horizon Robotics in a significant transaction involving the placing of existing shares and a top-up subscription of 639,028,800 new shares. The gross proceeds from this placing amounted to approximately HK$6.384 billion ($821 million). Horizon Robotics is a prominent provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles, with its shares listed on the Hong Kong Stock Exchange. The company is dedicated to democratizing intelligent driving through its innovative ADAS and AD technologies, aiming to make intelligent driving accessible to a wider audience. The Davis Polk corporate team that participated in this transaction included partners Li He, Jason Xu, and Ran Li, as well as counsel – registered foreign lawyer Yue (Jenny) Yin, and associate Haiyang Zhao. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.

"Horizon Robotics Raises $821 Million Through Share Placement and Subscription"

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