We advised Horizon Robotics on its IPO and HKEX listing

Davis Polk advised Horizon Robotics in connection with its global offering in reliance on Rule 144A / Regulation S and listing on the Hong Kong Stock Exchange. The gross proceeds from the offering amounted to approximately HK$5.41 billion.

Horizon Robotics is a leading provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles. Since 2021, Horizon Robotics has been the largest Chinese company providing integrated ADAS and AD solutions in terms of overall solution installation volume. Horizon Robotics’ solutions have been the choice of 27 OEMs (42 OEM brands) in over 285 car models as of September 30, 2024. Horizon Robotics also has a joint venture with Volkswagen in China for customized driving automation.

The Davis Polk corporate team included partners Li He, Jason Xu and Ran Li, counsel Jennifer Ng and associate Haiyang Zhao. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel Sarah E. Kim and associate Saloni Pant provided advice regarding the Investment Company Act of 1940. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

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