According to Futu News on September 27th, $PHANCY (06682.HK)$An announcement was issued. The company will issue 18.396 million shares, priced at HK$55.60 per share, and 100 shares per lot. It will be listed on September 28.
The fourth model of the public offering phase received about 11.4 times more subscriptions, and the final number of offered shares distributed to the public offering was 1,839,600 shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of about 12,700 valid applications were received, with a first-hand winning rate of 50%, and a steady 1-lot subscription of 20 lots.
Furthermore, the international offering was oversubscribed. The final number of shares offered was approximately 16.5564 million shares, equivalent to about 90% of the total number of shares offered (before any overallotment rights were exercised). Futu Information collates relevant data in the following table:
Company Overview
Fourth Paradigm is an artificial intelligence software company that is a leader in enterprise artificial intelligence. It focuses on providing platform-centered artificial intelligence software to enable enterprises to develop their own decision-making artificial intelligence applications. The company's enterprise-grade solutions aim to provide services to enterprises rather than individuals, provide platform-centered artificial intelligence solutions, enable enterprises to achieve rapid large-scale transformation and implementation of artificial intelligence, discover hidden data patterns, and comprehensively improve the decision-making capabilities of enterprises.
In August 2020, the fourth paradigm officially launched Sage AIOS, an upgraded and integrated artificial intelligence...