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IPO Detail
06682 第四範式
FOURTH PARADIGM
Listing Date2023/09/28
Listing Price55.600
 
Quote
  • 46.800 -2.300 (-4.684%)    Sink Below Listing Price
  • 15-min delayed, last update: 27/05/2024 17:59
Subscription Result
  • Subscription Rate
    11.40x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    50%
COMPANY PROFILE

Beijing Fourth Paradigm Technology Co. is an AI software company which focuses on providing platform-centric AI software which can be rapidly deployed by enterprises on a large scale to uncover hidden patterns in data and comprehensively enhance their decision-making capabilities. Its enterprise-level solutions are designed to serve enterprises, rather than individuals.

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The Group was the largest player by revenue in the platform-centric decision-making AI market, a sub-segment of the AI market, in China in 2022, according to the CIC Report. It Sage Platform is primarily composed of Sage AIOS and Sage Studio AI applications.

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With its AutoML algorithms, the Group broke the world records of two Open Graph Benchmark (“OGB”) tasks in April 2021. Its AutoML algorithm also ranks top 1% in Kaggle Structured Data and Image Classification Competition 2019.

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Its solutions have created value for enterprises in a myriad of industries including, but not limited to, finance, retail, manufacturing, energy and power, telecommunications, transportation, technology, education, media and healthcare.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares18.40M H shares
No. of International Offer Shares16.56M H shares
No. of HK Offer Shares1.84M H shares
Offer Price$55.60 - $61.16
Stock Code6682
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, CCB International Capital Limited, CMB International Capital Limited, China Merchants Securities (HK) Co., Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited, BOCI Asia Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, CEB International Capital Corporation Limited, China Everbright Securities (HK) Limited, Central China International Capital Limited, North Beta International Securities Limited, China Sunrise Securities (International) Limited, Futu Securities International (Hong Kong) Limited, CNCB (Hong Kong) Capital Limited, Orient Securities (Hong Kong) Limited, SPDB International Capital Limited, Fosun International Securities Limited, Tiger Brokers (HK) Global Limited, Valuable Capital Limited, Riche Bright Securities Limited
TIME TABLE
Application PeriodSep 18 (Mon) - noon, Sep 21 (Thu)
Price Determination DateSep 21 (Thu)
Result Announcement DateOn or before Sep 27 (Wed)
Result Announcement DateOn or before Sep 27 (Wed)
Result Announcement DateOn or before Sep 27 (Wed)
Dealings in Shares commence onSep 28, 2023. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$55.60 - $61.16
Capitalization25.80B - 28.38B
NAV / share ($)$12.18 - $12.39 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 58.38, the net proceeds raised would be HKD 885.00M, of which
60% : Enhance fundamental research, technological capabilities and solution development
20% : Expand offerings, build brand and enter into new industry sectors
10% : Pursue strategic investment and acquisition opportunities
10% : General corporate purposes
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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