Nuobikan Artificial Intelligence Launches Hong Kong IPO

MT Newswires Live

12/15

Nuobikan Artificial Intelligence Technology (Chengdu) (HKG:2635) launched its initial public offering in Hong Kong to raise as much as HK$401.4 million.

The artificial intelligence firm is offering 3.8 million H shares at an indicative price range of HK$80 and HK$106 apiece, according to a filing Monday.

The issuer expects to determine its final offer price on or before Dec. 19 and disclose the allocations on Dec. 22. It will start trading on the Hong Kong bourse on Dec. 23.

Nuobikan Artificial Intelligence will use the IPO proceeds to continue research in core technologies, construct research and development facilities, and pursue acquisition opportunities.

China International Capital, Livermore Holdings, and Patrons Securities are the joint bookrunners of the IPO.

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