Shangtang technology restarted its IPO and raised about HK $6 billion
In the morning of December 20, Shangtang technology announced on the Hong Kong stock exchange that it would restart the public offering today, and the offering scale and pricing range would remain the same as before. Shangtang issued a total of 1.5 billion shares, with a share price ranging from HK $3.85 to HK $3.99 per share, raising about HK $6 billion. The subscription of the shares was closed at 12:00 noon on December 23 and is expected to be listed on December 30.
On December 10, the US Treasury Department listed Shangtang company in the "list of non SDN Chinese military industrial complex enterprises". The list was formulated by the Biden administration in June 2021. After being listed, U.S. investors will not be able to participate in the trading of their open market stocks and derivatives.
In response, Shangtang technology responded that it strongly opposed the decision, considered that the decision was groundless with the relevant allegations, and said that the development of science and technology should not be affected by geopolitics. Shangtang will fully protect the rights and interests of the company and relevant stakeholders.
Shangtang technology originally planned to announce the final offering price, placement results and other information on December 16, and officially listed in Hong Kong stocks on December 17.
On December 13, Shangtang technology announced that its global offering and listing would be delayed, and the company is still committed to completing the global offering and listing as soon as possible.
It is worth noting that the announcement released by the company today shows that the list of cornerstone investors contained in the Prospectus has changed. A number of new cornerstone investment agreements and a number of amendment agreements to the original cornerstone investment agreement have been entered into. The cornerstone investors have agreed that subject to certain conditions, Subscribe for the relevant number of offer shares with a total amount of approximately US $512 million (approximately HK $3.99 billion) at the offer price.
In addition, according to the Amendment Agreement of the Hong Kong underwriting agreement, Guotai Junan Securities (Hong Kong) Co., Ltd. and bocom International Securities Co., Ltd. no longer serve as joint Bookrunner, joint lead manager and underwriter. In addition, the composition of joint global coordinator, joint Bookrunner, joint lead manager and underwriter remains unchanged.
Shangtang technology was established in 2014 and submitted its listing application to the Hong Kong Stock Exchange on August 27 this year. According to the report released by Frost & Sullivan, a third-party consulting firm, Shangtang is the AI company with the highest revenue in Asia in 2020, accounting for 11% of the market share in China's computer vision market. From 2018 to 2020, the revenue of Shangtang was RMB 1.853 billion, RMB 3.027 billion and RMB 3.446 billion respectively; From 2018 to the first half of 2021, the net losses of Shangtang were RMB 3.433 billion, RMB 4.967 billion, RMB 12.158 billion and RMB 3.713 billion respectively.
Shangtang technology restarted its IPO and raised about HK $6 billion
-
1.How powerful is the Chinese space station manipulator? This series of actions is so cool!
On June 21, according to media reports, the manipulator on the core module of China space station is the most intelligent, difficult and complex space intelligent manufacturing system in China. It is the most authentic restoration of human arm. The maximu
Time 2021-06-21 -
2.Liu Yifei reveals that she hasn't updated her circle of friends for nine years, and so have many stars. She doesn't update her circle of friends
Recently, Liu Yifei revealed in an interview that her circle of friends has not been updated for nine years. She also said that not updating is not because she has strong willpower, but because she has opened the anti addiction mode. In the long article,
Time 2021-06-25 -
3.Huawei openly uses lip movement feature to unlock device patents, which is anti plagiarism
On June 29, Huawei Technology Co., Ltd. disclosed a patent for "device unlocking method and device", with the publication number of cn113051535a, according to the app.
Time 2021-06-29 -
4.Xi Jinping's important speech at the 71 medal medal ceremony (live record)
Today, on the occasion of celebrating the 100th anniversary of the founding of the Communist Party of China, we solemnly hold a ceremony here to award the highest honor of the party to the party members who have made outstanding contributions to the party
Time 2021-06-29 -
5.The lens of the opening ceremony focused on Quan hongchan, who acted as the flag bearer of Guangdong and was amazing in skirts
This evening, the 14th National Games opened in Xi'an Olympic Sports Center, Shaanxi Province. It is obvious that Quan hongchan is the focus of everyone's attention in the early stage
Time 2021-09-15 -
6.China's richest man with a fortune of more than 400 billion has entered private placement! Another 30 billion quantitative private placement giants "closed" in advance to control the scale! Times Watch Company
Recently, an institution called "Guanzi private equity fund management (Hangzhou) Co., Ltd." completed the filing and registration in a low-key manner in the China Foundation Association, and its actual controller is Zhong Fuxin, founder of nong
Time 2021-09-19 -
7.A clear stream of water moistens every household
On the morning of December 12th, the State Council Information Office held a press conference to announce the 10th anniversary of the full water supply of the first phase of the South to North Water Diversion East Middle Route project. As of today, the pr
Time 2024-12-12 -
8.The Taiwanese military will initiate M1A2T tank replacement training
Regarding future training plans, the Taiwanese military stated on the 16th that they are currently in the process of handing over each tank to the US side one by one. It is expected to start the replacement training in early February next year, with class
Time 2024-12-18 -
9.High quality promotion of people-oriented new urbanization
The Decision on Further Comprehensively Deepening Reform and Promoting Chinese path to modernization (hereinafter referred to as the "Decision"), which was deliberated and passed at the Third Plenary Session of the 20th CPC Central Committee
Time 2024-12-18 -
10.Xi Jinping leaves Macau and returns to Beijing
General Secretary of the Communist Party of China Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, Xi Jinping, successfully concluded various activities in Macau and returned to Beijing by sp
Time 2024-12-21 -
11.China independently developed double shield tunnel hard rock excavation machine and put it into use
On January 5, 2025, the first double shield hard rock excavation machine "Jianghan Ping'an" jointly developed by China South to North Water Diversion Group Jianghan Water Network Construction and Development Co., Ltd., China Railway Equipment an
Time 2025-01-05 -
12.The world's first carbon fiber subway train has been put into commercial operation in Qingdao
On January 10th, with a crisp whistle, the world's first carbon fiber subway train "CETROVO 1.0 Carbon Star Express" jointly developed by Qingdao Metro Group and CRRC Sifang Co., Ltd. was officially launched on Qingdao Metro Line 1 and put into
Time 2025-01-11