10:03 AM EDT, 09/11/2025 (MT Newswires) -- Hesai Group ( HSAI ) shares were up 4% in recent Thursday trading after the company priced its global offering of shares to raise 4.16 billion Hong Kong dollars ($534.1 million).

The company said it is offering about 19.6 million class B shares at HK$212.8 per share, which translates to $27.11 per Nasdaq-listed American depositary share.

Hesai ( HSAI ) said international underwriters were granted an overallotment option to acquire up to 2.9 million additional shares.

The offering is likely to close on Tuesday, the company said, adding that the proceeds from the offering would be used towards investments in research and development and manufacturing capabilities, among others.

Price: 28.86, Change: +1.12, Percent Change: +4.04