UISEE TECH (01511) made its trading debut today. According to the company's announcement, the shares were priced at HKD 60.3 each, with a total of 14.4612 million shares issued in lots of 50 shares. The net proceeds from the offering amount to approximately HKD 795 million. As of the latest update, the stock is down 7.13%, trading at HKD 56, with a turnover of HKD 211 million.

Public information indicates that UISEE TECH is a provider of autonomous driving solutions specializing in unmanned L4-level technology within the Greater China region. The company currently focuses on commercial vehicles in enclosed scenarios, particularly at airports and industrial parks. Its solutions are designed for universal application across various open and closed environments, covering logistics, operations, and motor vehicles, and span from L2 to L4 autonomous driving levels.

The company's core offerings include autonomous driving solutions for enterprise clients such as airports and industrial parks, as well as for commercial and passenger vehicle manufacturers. These solutions encompass commercial vehicles equipped with L4 autonomous driving capabilities, autonomous driving kits, software solutions, and leasing services. UISEE TECH's L4-level vehicles are designed to operate without an on-duty safety operator, enabling unmanned functionality in applicable scenarios. During the track record period, the company primarily generated revenue from mainland China and Hong Kong.