By Scott Murdoch SYDNEY (Reuters) - Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in ...
By Scott Murdoch SYDNEY - Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched onaFrite Restaurant's Fight for Survival: little Halifax versus Halifax's little Toronto | SaltWireSYDNEY - Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched on Monday.
Three cornerstone investors, headed by New China Capital Management, have subscribed for about $96.8 million worth of stock, which equates to 70.6% of the IPO, the filings showed.
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Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 millionThree Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched on Monday. Beijing Fourth Paradigm, an AI startup, is aiming to raise up to $144 million by selling 18.4 million shares in a price range of HK$55.60 to HK$61.16 each, according to its regulatory filings. Three cornerstone investors, headed by New China Capital Management, have subscribed for about $96.8 million worth of stock, which equates to 70.6% of the IPO, the filings showed.
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