iMotion Automotive Technology (Suzhou) Co., Ltd.’s HK$595.2 Million IPO

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Shearman & Sterling represented Citigroup Global Markets Asia Limited, Huatai Financial Holdings (Hong Kong) Limited and CCB International Capital Limited as the joint sponsors

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Shearman & Sterling represented Citigroup Global Markets Asia Limited, Huatai Financial Holdings (Hong Kong) Limited and CCB International Capital Limited as the joint sponsors and sponsor-overall coordinators in connection with the initial public offering of iMotion Automotive Technology (Suzhou) Co., Ltd. (iMotion) on The Stock Exchange of Hong Kong Limited. The initial public offering raised net proceeds of approximately HK$595.2 million.

iMotion is a leading autonomous driving solution provider in China with a focus on autonomous driving domain controllers. As an automotive system integrator (Tier-1 supplier), iMotion offers various autonomous driving in-vehicle solutions and products to OEMs on both new energy vehicles and internal combustion engine vehicles. It is the first company in the autonomous driving industry to be listed in Hong Kong.

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