AI marketing service provider DEEPZERO launched its Hong Kong initial public offering on Tuesday, aiming to raise approximately HKD 403 million in net proceeds.
The offering is being managed by sole sponsor ICBCI, according to the company's stock exchange filing.
DEEPZERO is offering 9.068 million H-shares, with 10 percent allocated to the Hong Kong public offering. The shares are priced in a range of HKD 43.50 to HKD 55.50. With a board lot of 100 shares, the entry fee is approximately HKD 5,605.97.
The public subscription will close at noon on Friday, June 21, with the stock scheduled to begin trading on Wednesday, June 27. Based on the midpoint price of HKD 49.5, the IPO would give the company a market capitalization of approximately HKD 4.03 billion.
The listing will test investor appetite for technology IPOs in a cautious Hong Kong market. The final pricing and oversubscription rates, to be announced next week, will be a key indicator of demand for AI-related stocks in the region.
This article is for informational purposes only and does not constitute investment advice.