02513 智譜
KNOWLEDGE ATLAS
KNOWLEDGE ATLAS
| Register Close | 2026/01/05 IPO Closing in 4 Days |
| Listing Date | 2026/01/08 |
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IPO Detail
COMPANY PROFILE
Knowledge Atlas Technology Joint Stock Company is a leading AI company in China, dedicated to developing advanced general-purpose large models. The Group derived its revenue from providing large model services through its MaaS platform.
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In 2021, the Group launched GLM framework, China’s first proprietary pre-trained large model framework, and debuted its Model-as-a-Service (MaaS) product development and commercialization platform, through which it provides its large model services. In 2022, the Group open-sourced its first 100 billion–scale model (GLM-130B). The Group operate in the large language model (LLM) market.
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According to the report, the Group ranked first among China’s independent developers and second among all developers of general-purpose large models with a market share of 6.6% in terms of revenue in 2024.
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The Group’s models had empowered over eight thousand institutional customers as of June 30, 2025 and approximately 80 million devices as of December 22, 2025. Its customers include enterprises, public sector entities and individual users.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 37.42M H shares |
| No. of International Offer Shares | 35.55M H shares |
| No. of HK Offer Shares | 1.87M H shares |
| Offer Price | $116.20 |
| Stock Code | 2513 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, BOCOM International Securities Limited, Guotai Junan Securities (Hong Kong) Limited, China Merchants Securities (HK) Co., Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, SPDB International Capital Limited, CMB International Capital Limited, Zheshang International Financial Holdings Co., Limited, Riche Bright Securities Limited, UOB Kay Hian (Hong Kong) Limited |
TIME TABLE
| Application Period | Dec 30 (Tue) - noon, Jan 05 (Mon) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jan 07 (Wed) |
| Result Announcement Date | On or before Jan 07 (Wed) |
| Result Announcement Date | On or before Jan 08 (Thu) |
| Dealings in Shares commence on | Jan 08, 2026. (Thu) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $116.20 |
| Capitalization | 51.16B |
| NAV / share ($) | $17.85 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 116.2, the net proceeds raised would be HKD 4.17B, of which |
| 70% : Strengthen research and development capabilities in general-purpose large AI models |
| 10% : Optimize MaaS platform |
| 10% : Development of business partner network, as well as for strategic investments |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).