Asia Tech Wire (Aug 6) -- Chinese smart car solution provider Black Sesame International Holding Ltd. plans to price its Hong Kong IPO at HK$28 a share to raise HK$1.04 billion ($133 million), according to Bloomberg.

Black Sesame, which is proposing to sell 37 million shares in the Hong Kong IPO, previously offered investors a price range of HK$28 to HK$30.30 per share.

Even if the company prices the offerings at the bottom end of the range, it will still be one of the largest IPOs in Hong Kong this year.

Black Sesame will announce the price of the offerings on Wednesday and its shares will start trading on Thursday, according to its regulatory filings.

Founded in 2016, Black Sesame's shareholders include Xiaomi, Tencent, and entities controlled by Zhejiang Geely Holding Group and SAIC Motor.