Baillie Gifford, Norges Said to Invest in Horizon Robotics Hong Kong IPO
- Autonomous-driving technology firm raised $696 million in IPO
- Horizon Robotics will start trading in Hong Kong on Thursday
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Baillie Gifford & Co. was among the top investors in Horizon Robotics’ $696 million Hong Kong initial public offering, marking the latest sign of a potential share sale revival in the city.
The fund manager invested about HK$2.02 billion ($260 million) in the IPO after it was allocated 507 million shares, according to an exchange filing Wednesday, which confirmed an earlier Bloomberg News report. Norges Bank Investment Management, Norway’s $1.7 trillion sovereign wealth fund, and Wellington Management Group also placed orders for stock, people with knowledge of the matter said.