Hesai Group, a developer of sensor technologies used in self-driving cars, rose 11% in its US trading debut after expanding its initial public offering to raise $190 million.
The listing is the largest by a Chinese issuer in the US market since the crash of Didi Global Inc. in 2021. Shanghai-based Hesai sold 10 million American depositary shares for $19 each, after marketing 9 million for $17 to $19.
