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Nio lidar supplier Seyond soars in Hong Kong debut after HK$1 billion de

Nio’s lidar supplier Seyond Holdings debuted on the Hong Kong stock exchange on Wednesday, through a de-SPAC transaction, merging with special purpose acquisition company TechStar Acquisition and raising a total of HK$1.03 billion (US$132.4 million). The Silicon Valley-based company, which designs, develops and produces light detecting and ranging sensors for advanced driver assistance systems (ADAS), saw its shares – issued at HK$10 each – jump as high as HK$17.30 in morning trading before...


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