IPO watch:
Hesai Group (HSAI) is scheduled to go public on February 9. The China-based LiDAR specialist is noted to be the first company to deliver over 10K LiDAR units per month. Hesai joins an increasingly crowded LiDAR sector that includes Innoviz (INVZ), Luminar (LAZR), Ouster (OUST), Velodyne Lidar (VLDR), Aeva (AEVA) and AEye (LIDR).
IPO lockups during the week on blocks of shares of Treasure Global (NASDAQ:TGL), Forza X1 (NASDAQ:FRZA), and LuxUrban Hotels (NASDAQ:LUXH). Analyst ratings coverage will begin on Skyward Specialty Insurance Group (SKWD).