New Stock News | Tooday Tech's Hong Kong IPO has been filed with the China Securities Regulatory Commission.

On October 14th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing for Seyond Holdings Ltd. (Tuda Holdings Limited)". The company is planning to list on the Hong Kong Stock Exchange through a merger with the overseas Special Purpose Acquisition Company TechStar Acquisition Corporation, and intends to issue up to 190,240,000 shares of overseas listed common stock. The prospectus shows that Tuda Holdings is a global leader in the design, development, and production of automotive-grade LiDAR solutions. As a global provider of image-grade LiDAR solutions, Tuda Holdings delivered approximately 230,000 automotive-grade LiDAR units by 2024, and during the past period of performance, ADAS LiDAR accumulated sales revenue ranked second globally, with a market share in China of 20.7%. From passenger vehicles to Siasun Robot&Automation, the company continues to optimize its customer structure. In the passenger vehicle sector, Tuda Holdings has further deepened its cooperation with NIO, with its Falcon series having been used in nine NIO vehicle models, with cumulative deliveries exceeding 500,000 units, showcasing impressive commercial viability. In the commercial vehicle and logistics sectors, Tuda Holdings has stable partnerships with Deepway, Shaanxi Auto Heavy Truck, Yinche Technology, Pony AI, among others, continuously expanding application scenarios. In the burgeoning market of LiDAR applications for robots and automation, Tuda Holdings has already penetrated core scenarios and secured large-scale orders from leading companies such as Jisi Intelligent, Zhongli Shares, Coosur Technology, and Yusse Technology, covering areas such as logistics, sanitation, and handling.