AsianFin -- Shares of Hesai Group, the world’s largest lidar sensor supplier, climbed on their Hong Kong debut Tuesday as investors seized on the offering amid a wave of blockbuster listings in the pipeline.

Trading under the code 2525, Hesai’s stock opened at HK$229.20, representing a 7.7% premium over the offer price of HK$212.80 per share.

The company sold 19.55 million shares, including 2.55 million shares from the full exercise of its offer size adjustment option, raising about HK$4.16 billion (US$531 million). Roughly 90% of the allocation went to international entities, with the remainder offered to Hong Kong retail investors.