Horizon Announces Fundraising of 5.8 Billion Yuan to Strengthen Overseas Expansion and Robotaxi Layout

September 26 news, just now,Horizon Hong Kong Stock ExchangeAnnouncement of the issuance of approximately 639 million shares at a price of HKD 9.99 per share (approximately RMB 9.16), netting approximately HKD 6.34 billion (approximately RMB 5.812 billion).

Official documents show that this price is derived from a discount of approximately 5.75% off the previous day's closing price (September 25).

▲Horizon Placement Announcement

According to the announcement, this time Mainly used for three major directions:

1. Expand overseas market business and support the large-scale application of mid-to-high-level advanced driver assistance systems (ADAS) solutions.

Invest in emerging fields (including plans related to Robotaxi).

Strategic investments in upstream and downstream business partners.

▲Impact of Horizon's recent placement on equity structure

From the perspective of financing purposes, this is not the first time that Horizon Robotics has been reported to enter the Robotaxi field.

On September 11, 2025, at the 2025 Inclusion·Bund Conference, Horizon and Hello officially signed a strategic cooperation agreement, formally entering the Robotaxi field.

According to the report, both parties will collaborate based on a "technology platform company + operator" synergistic model to jointly develop low-cost, high-security, high-reliability, and high-availability intelligent driving technology, promoting the commercialization of Robotaxi.

In addition, the announcement also revealed the specific allocation of funds obtained from Horizon's initial public offering (IPO).

Funding allocation situation after Horizon's IPO

Specifically, out of the HKD 5.873 billion (approximately RMB 5.384 billion) raised from the IPO, 70%, or HKD 4.11 billion (approximately RMB 3.768 billion), will be used for research and development purposes, including advanced driver assistance systems.

The remaining 30% will be used for Horizon's marketing purposes, investment in strategic partner enterprises, and general operations of Horizon.