China’s Horizon Robotics set to price shares at top of range to raise $696 million in Hong Kong IPO, sources say

(Reuters) – Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter.

The sources could not be named discussing confidential information.

Horizon Robotics declined to comment on its IPO pricing.

(Reporting by Scott Murdoch in Sydney and Kane Wu in Hong Kong; Editing by Jamie Freed)