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Xiaomi-Backed China Lidar Firm Hesai Nearing US IPO Filing, Sources Say

  • Firm working with Credit Suisse, Goldman Sachs, Morgan Stanley
  • Shanghai firm could raise about $150 million from listing

Hesai Technology Co., a Chinese developer of sensor technologies used in self-driving cars, is planning to file for an initial public offering in the US that could raise about $150 million, according to people familiar with the matter. 

The Shanghai-based startup is working with Credit Suisse Group AG, Goldman Sachs Group Inc. and Morgan Stanley on the first-time share sale, the people said, asked not to be identified as the information is private. Hesai could file as early as next week, the people said.