Futu News, January 26, this Wednesday $AINNOVATION (02121.HK)$The announcement announced that the company will issue 44.7444 million shares, priced at HK$26.3 per share, and 100 shares per lot. It is expected to go public on January 27.
At the public sale stage, Innovation Qizhi received about 13.89 times more subscriptions. The final number of shares on sale distributed to the public sale was 4.474,600 shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 3,3123 valid applications were received, with a first-hand winning rate of 15%, and a steady first-hand purchase of 15 lots.
Furthermore, the international offering has already received a small amount of oversubscription (about 2.62 times), and the final number of shares offered was about 40.2698 million shares, which is equivalent to about 90% of the total number of shares offered (before any over-allotment rights are exercised). Futu News has compiled relevant data in the following table:
The net proceeds of approximately HK$1.07 billion will be used for the following purposes: about 45% to enhance the company's R&D capabilities; about 25% to enhance commercialization capabilities; about 10% for potential strategic investments and acquisitions; about 10% to enhance internal systems and upgrade the company's information infrastructure; and approximately 10% for working capital and general corporate purposes.
Innovation Qizhi is a rapidly growing AI solution provider that develops and provides AI products and solutions for manufacturing, financial services and other industries in China. According to Frost & Sullivan, in 2020, by revenue...