06:49 AM EDT, 05/16/2025 (MT Newswires) -- Hesai Group ( HSAI ) has confidentially filed for a potential listing in Hong Kong, Bloomberg reported Friday, citing sources familiar with the matter.

The report said that the China-based Hesai ( HSAI ) is working with banks on an offering that could happen later this year, though the size and timing are yet to be finalized.

Hesai ( HSAI ) didn't immediately respond to MT Newswires' request for comment.

Shares of the company rose 5.8% in premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)