China's lidar maker Hesai shines in Hong Kong debut

** Shares of three-dimensional light detection and ranging (lidar) solutions provider Hesai Group 2525.HK trade as high as HK$244 each in their Hong Kong debut on Tuesday

** This is 14.7% higher than their offer price of HK$212.80

** At lunch break, stock trims some gains to trade at HK$237.2, still up 11.5% from offer price; 3.93 mln shares worth HK$915.5 mln change hands

** U.S.-listed stock HSAI.O rose 4.3% on Monday

** The China-based lidar manufacturer offered 19.55 mln Class B shares in global offering, raising HK$4.16 bln ($534.83 mln) for investment in R&D and manufacturing capabilities, business expansion and working capital

** Says, subscription level for the public offering portion is 168.65 times, international offering portion is 14.09 times

** Hang Seng Automobile Index .HSAMI rises 1.2%, Hang Seng Tech Index .HSTECH adds 0.4%

($1 = 7.7781 Hong Kong dollars)