06682 第四範式
FOURTH PARADIGM
FOURTH PARADIGM
| Listing Date | 2023/09/28 |
| Listing Price | 55.600 |
Quote
Subscription Result
- Subscription Rate11.40x
- Guarantee One Lot Size20 lot
- One Lot Success Rate50%
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IPO Detail
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
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 18.40M H shares |
| No. of International Offer Shares | 16.56M H shares |
| No. of HK Offer Shares | 1.84M H shares |
| Offer Price | $55.60 - $61.16 |
| Stock Code | 6682 |
| 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 Period | Sep 18 (Mon) - noon, Sep 21 (Thu) |
| Price Determination Date | Sep 21 (Thu) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Result Announcement Date | On or before Sep 27 (Wed) |
| Dealings in Shares commence on | Sep 28, 2023. (Thu) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $55.60 - $61.16 |
| Capitalization | 25.80B - 28.38B |
| NAV / share ($) | $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
| 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).