HONG KONG — This week, Hong Kong saw its two biggest initial public offerings so far this year, raising hopes for a revival in China's IPO market, which has struggled for the past three years.
Shares of Chinese self-driving technology company Horizon Robotics opened at HK$5.2 ($0.67) on Thursday, the 30th.% higher than the offer price of HK$3.99 at the upper end of the range. The company raised HK$5.41 billion, or $700 million. It has become the largest IPO in Hong Kong this year.