The fourth paradigm of Chinese decision -making artificial intelligence (AI) company has officially launched the offer, and it is expected to be listed on the Hong Kong Stock Exchange on September 28.
According to the announcement issued by the company on Monday (September 18)The shares per share will be released at HK $ 55.60 to HK $ 61.16 (S $ 9.6 to S $ 10.6), and 100 shares of the buying unit per hand; it is expected that the shares will be listed on the main board of the Stock Exchange on September 28, 2023.
According to the announcement issued by the Beijing Haidian District Government this month, the fourth paradigm will become the first one to land in Hong Kong to get in the Hong Kong Communications in the past two years after the listing of Shangtang Technology, which was listed on December 30, 2021, in the past two years.The artificial intelligence unicorn company.
The prospectus shows that the fourth paradigm was established in September 2014. It is an artificial intelligence software company that focuses on providing platform -centric artificial intelligence software to enable enterprises to develop its own decision -making artificial artificial artificial artificial artificial artificial artificial artificial artificial artificial artificiallyIntelligent applications allow enterprises to achieve rapid and large -scale transformation, discover the hidden laws of data, and comprehensively improve their decision -making capabilities.
The prospectus also shows that the fourth paradigm has a large fluctuations and is still in the stage of loss.In the first quarter of 2020, 2021, 2022 and 2023, the operating income of the fourth paradigm was 942 million (RMB, the same below, the same, $ 176 million), 2.018 billion, 3.083 billion, and 644 million yuan. CorrespondinglyNet losses were 750 million, 1.802 billion, 1.653 billion, and 304 million yuan, respectively.
According to the consulting company in the field of investment and financing, the revenue of the 2022 revenue and the fourth paradigm ranked first in China's decision -making artificial intelligence market in China, with a market share of about 22.6%.
Reuters reports that the fourth paradigm has been included in the US "physical list" this year, which means that American suppliers are banned from transporting American technology unless they can obtain permission from the US Department of Commerce.
Before this listing, the Fourth Formula submitted a listing application on August 13, 2021, February 23, 2022, and September 5, 2022, but the first three times failed.
The fourth paradigm was submitted again on April 24 this year, and passed the IPO hearing of the Hong Kong Stock Exchange in September.
