December 30th. Large modelerA spectrometerThe official launch of the Global Recruitment Unit is scheduled for 8 January 2026 to be traded on the main board in Hong Kong with stock code 02513。
This time IPO It's called "the first share of the big global model", which marks China's general artificial intelligenceAGIRepresentative enterprises in the field move into the capital market。
ACCORDING TO THE GLOBAL DISTRIBUTION OF DOCUMENTS, 3741.95 MILLION SHARES OF H SHARES ARE TO BE ISSUED, OF WHICH 7.71 MILLION SHARES ARE TO BE SOLD PUBLICLY IN HONG KONG, 3554.85 MILLION SHARES ARE TO BE SOLD INTERNATIONALLY AT A PRICE OF HK$ 116.20 PER SHARE, AND A TOTAL OF HK$ 4.3 BILLION IS EXPECTED TO BE RAISED AT A MARKET VALUE EXCEEDING HK$ 51.1 BILLION FOR IPO。
Founded in 2019, it works to build a universal system of artificial intelligence technology in mainland China, and has built a whole-of-the-mill structure and complete model system for the OpenAI mark。
ACCORDING TO THE FROST SULLIVAN DATA, THE SPECTRA IS RANKED FIRST AMONG INDEPENDENT GENERAL MODEL DEVELOPERS IN CHINA ON THE BASIS OF LAST YEAR ' S INCOME. ITS INCOME ROSE FROM $5.74 MILLION IN 2022 TO $312.4 MILLION IN 2024, WITH A COMPOUND ANNUAL GROWTH RATE OF $130%; IN THE FIRST HALF OF THE YEAR IT AMOUNTED TO $191 MILLION, AN INCREASE OF 325%。
In terms of R & D inputs, the intelligence spectrum maintains high intensity inputs。
According to the book, R & D costs between 2022 and 2024 were $8.4 million, $528.9 million and $2195.4 million, respectively, and in the first half of the year they amounted to $159.47 billion, with a cumulative R & D expenditure of approximately $4.4 billion。
ITS LATEST MODEL, GLM-4.7, HAS BEEN RANKED AT THE TOP OF THE AA SMART INDEX, THE OPEN SOURCE MODEL AND THE NATIONAL PRODUCTION MODEL。
It was disclosed that the net fund-raising of 70% (approximately HK$ 2.9 billion) would be used for the development of generic AI large models and 10% (approximately HK$ 420 million) for the continuous optimization of the Maas platform, including base model updates, training and reasoning tools and infrastructure development。
THIS RECRUITMENT WILL CONTINUE UNTIL JANUARY 5TH OF NEXT YEAR, AND IF IT IS SUCCESSFUL, IT WILL BE THE FIRST PUBLICLY LISTED COMPANY IN THE HONG KONG STOCK MARKET TO FOCUS ON A GENERIC MODEL, FURTHER CONSOLIDATING ITS LEADING POSITION IN THE AGI SECTOR。