Lidar Supplier Seyond's Shares Rise Sharply in Hong Kong Debut

Dow Jones

Yesterday

By Jiahui Huang

Lidar system maker Seyond's shares rose sharply after the company went public following a combination with a blank-check company.

Seyond's shares rose 26% to 13.90 Hong Kong dollars early Wednesday.

Seyond went public via a combination with special purpose acquisition company TechStar Acquisition Corp. in a transaction valued at HK$11.7 billion, equivalent to US$1.50 billion.

Seyond provides lidar systems used for remote sensing in cars equipped with advanced driving assistance features.

Chinese lidar makers have been gaining momentum in recent years as Chinese automakers rush to equip cars with self-driving technology. RoboSense and Hesai Group are both listed in Hong Kong.

Founded in 2016, Seyond is a major supplier for Chinese electric-vehicle maker NIO, which is known for its battery-swapping system. NIO is a major revenue source for Seyond, accounting for more than 80% of the latter's total revenue between 2022 to 2024.

Zero2IPO Capital and Citic Securities were among the banks advising on the transaction.

Write to Jiahui Huang at jiahui.huang@wsj.com

(END) Dow Jones Newswires

December 09, 2025 22:29 ET (03:29 GMT)

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RoboSense and Hesai Group are both listed in Hong Kong. \n</p>\n<p>\n  Founded in 2016, Seyond is a major supplier for Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/NIO\">NIO</a>, which is known for its battery-swapping system. NIO is a major revenue source for Seyond, accounting for more than 80% of the latter's total revenue between 2022 to 2024. \n</p>\n<p>\n  Zero2IPO Capital and <a href=\"https://laohu8.com/S/CIIHF\">Citic Securities</a> were among the banks advising on the transaction. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Jiahui Huang at jiahui.huang@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2025 22:29 ET (03:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"07855","symbol_name":"TECHSTARACQ-Z","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2590372575","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590372575","pubTimestamp":1765337340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lidar system maker Seyond's shares rose sharply after the company went public following a combination with a blank-check company.Seyond's shares rose 26% to 13.90 Hong Kong dollars early Wednesday.Seyond went public via a combination with special purpose acquisition company TechStar Acquisition Corp. in a transaction valued at HK$11.7 billion, equivalent to US$1.50 billion.Seyond provides lidar systems used for remote sensing in cars equipped with advanced driving assistance features.Chinese lidar makers have been gaining momentum in recent years as Chinese automakers rush to equip cars with self-driving technology. 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