NASN(02261.HK) Launches Public Offer Today; Board Lot Entry Cost Approximately HK$1,129.27

NewTimeSpace News: NASN Intelligent Tech (Zhejiang) Co., Ltd. (02261.HK) commences its public offer on 30 July 2026 and is expected to be listed on 7 August 2026.

The Company intends to globally offer 57.59 million H-shares, including 5.75 million shares for Hong Kong public offering. The offer price range stands at HK$10.42 to HK$11.18 per share. Each board lot comprises 100 shares, translating to an entry cost of approximately HK$1,129.27. The total fundraising size is about HK$554 million.

The Company develops motion control technologies for intelligent driving and currently provides brake-by-wire solutions, focusing on mission-critical brake-by-wire solutions for autonomous driving. Brake-by-wire technology acts as the "cerebellum" of intelligent vehicles, ensuring safety and advanced development of motion control execution. During the track record period, its steer-by-wire solutions remained under development and generated no revenue.

According to China Insights Consultancy:The Company is the first enterprise in China to apply electric brake booster solutions (NBS solutions) in the commercial operation of L4 autonomous vehicles; it is also the earliest Chinese supplier to supply self-developed electric brake booster solutions to leading domestic EV OEMs. Measured by shipment volume of brake-by-wire solutions in 2025, the Company ranks among China’s top three domestic suppliers of brake-by-wire solutions and stands as the second-largest domestic independent third-party supplier of brake-by-wire solutions.

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