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Seyond Holdings Goes Public, Raises $132M on HK Exchange

12/10/2025

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Summary

Story summary

Seyond Holdings, Nio's lidar supplier, went public on the Hong Kong stock exchange on December 10, 2025, through a de-SPAC merger with TechStar Acquisition, raising HK$1.03 billion (US$132.4 million).
Founded in 2016 by former Baidu engineers Bao Junwei and Li Yimin, Seyond specializes in light detecting and ranging sensors for advanced driver assistance systems (ADAS).
In 2024, Seyond delivered 230,000 lidar systems, achieving a 12.8% market share in ADAS lidar and ranking fourth globally.
The company's shares rose from HK$10 to HK$17.30 before closing at HK$13.30.
Seyond has R&D centers in Silicon Valley and China and has attracted investments from notable firms.

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Story summary

Seyond Holdings, Nio's lidar supplier, went public on the Hong Kong stock exchange on December 10, 2025, through a de-SPAC merger with TechStar Acquisition, raising HK$1.03 billion (US$132.4 million).
Founded in 2016 by former Baidu engineers Bao Junwei and Li Yimin, Seyond specializes in light detecting and ranging sensors for advanced driver assistance systems (ADAS).
In 2024, Seyond delivered 230,000 lidar systems, achieving a 12.8% market share in ADAS lidar and ranking fourth globally.
The company's shares rose from HK$10 to HK$17.30 before closing at HK$13.30.
Seyond has R&D centers in Silicon Valley and China and has attracted investments from notable firms.