10 Stocks That Stole the Show Today

2. Hesai Group (NASDAQ:HSAI)

Hesai Group rallied by 10.07 percent on Monday to end at $19.46 apiece as investor sentiment was boosted by news that it officially filed its intention to list publicly on the Hong Kong Stock Exchange.

According to a report by Bloomberg, Hesai Group (NASDAQ:HSAI) is now working with banks on a potential offering that could take place this year.

While the recent filing does not directly affect shares of the company, the move will provide a safety net to investors, particularly for ADR holders, through continued capital market access and trading liquidity.

Hesai Group (NASDAQ:HSAI) is among the Chinese companies feared at risk of potential delisting from US stock exchanges amid geopolitical tensions between the US and China.

Additionally, Hesai Group (NASDAQ:HSAI) was added to a Pentagon blacklist in 2023 over alleged military ties, an allegation which it earlier debunked.