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.
