In what has been an exciting week for IPOs, Hesai Group, a developer of LiDAR products for autonomous vehicles and other uses, raised $190 million by offering 10 million American Depositary Shares (ADSs) at $19, the high end of the range of $17 to $19. The enthusiasm for the float saw the company offer 1 million more ADSs than anticipated. Hesai will trade on the Nasdaq under the symbol HSAI. The company is incorporated in the Cayman Islands with operations in … Continue reading “Chinese LiDAR Systems Developer Hesai Upsized IPO Debuts Up 11%”