4Paradigm Initiates IPO Today and Targets HKSE on September 28
Chinese leading AI solutions provider 4Paradigm (6682:HK) has started its IPO from September 18 to September 21, 2023, with plans to officially list on the Main Board of the Hong Kong Stock Exchange on September 28 under the code "6682". The Company intends to offer 18,396,000 H-shares globally, with 10% of the shares allocated for the public offering in the HKSE and 90% for international offering. There is also an over-allotment option of 15%. Each share will be priced at HKD 55.60 to HKD 61.16 in 100 share lots. CICC is the exclusive sponsor and has introduced three cornerstone investors with an aggregate subscription amount of nearly USD 100 million.
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