Chinese lidar maker Hesai to raise up to $171 mln in U.S. IPO

Feb 3 (Reuters) - China's Hesai Group on Friday announced plans to raise as much as $171 million in an initial public offering in the United States, according to a term sheet.

The Shanghai-based lidar maker will offer up to 9 million American depositary shares (ADS) at between $17 and $19 per apiece.

Laser-based lidar sensors help self-driving cars detect objects ahead and around the vehicle and are a key component to many self-driving systems. (Reporting by Harish Sridharan in Bengaluru; Editing by Anil D'Silva)

Reuters

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Chinese lidar maker Hesai to raise up to $171 mln in U.S. IPO

By Reuters

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