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In 50 Words: AI firm Fourth Paradigm to lead clutch of HK IPOs raising $280m
Three Chinese companies are planning to raise a total of up to US$280 million across their respective IPOs in Hong Kong. The largest among the offerings comes from AI software firm Fourth Paradigm, which is looking to raise up to US$144 million by offering 18.4 million shares.
🔗 Source: Reuters
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