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Horizon Robotics Class B ( (HK:9660) ) has provided an update.
Horizon Robotics announced a placing and top-up subscription agreement involving existing shares and new shares under a general mandate. The agreement, coordinated by Goldman Sachs, Morgan Stanley, and UBS, involves selling existing shares at HK$9.99 each, representing a discount to recent trading prices. This move is expected to impact the company’s share capital and voting rights, with the new shares being issued under the general mandate without requiring shareholder approval.
The most recent analyst rating on (HK:9660) stock is a Buy with a HK$15.00 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.
More about Horizon Robotics Class B
Horizon Robotics is a company incorporated in the Cayman Islands, operating with weighted voting rights. It is listed on the Hong Kong Stock Exchange under the stock code 9660. The company is involved in the technology sector, focusing on robotics and artificial intelligence solutions.
Average Trading Volume: 226,869,887
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$142.4B
Learn more about 9660 stock on TipRanks’ Stock Analysis page.