智谱(02513)于12月30日至1月5日招股，拟全球发售3741.95万股H股

Core Viewpoint - The company, a leading AI firm in China, is set to launch an IPO for 37.42 million H-shares at a price of HKD 116.20 per share, aiming to raise approximately HKD 4.173 billion, with a significant portion allocated to enhancing its AI model development capabilities [1][4]. Group 1: Company Overview - The company was founded in 2019 with a focus on developing general artificial intelligence (AGI) and has made significant advancements in AI research and commercial applications [1]. - It operates in the large language model (LLM) market, providing services to both institutional clients and individual users [1]. Group 2: Financial Performance - The company has shown substantial revenue growth, with revenues of RMB 57.4 million, RMB 124.5 million, and RMB 312.4 million for the years 2022, 2023, and 2024 respectively, reflecting a compound annual growth rate (CAGR) of over 130% [2]. - As of June 30, 2025, the company supported over 8,000 institutional clients and approximately 80 million devices, holding a market share of 6.6% among general model developers in China [2]. Group 3: Strategic Partnerships - The company has entered cornerstone investment agreements with several notable investors, including JSC International Investment Fund and JinYi Capital, who have committed to purchasing shares worth approximately HKD 2.984 billion [3]. - These partnerships are expected to enhance the company's visibility and demonstrate investor confidence in its business and future prospects [3]. Group 4: Use of Proceeds - The estimated net proceeds from the global offering will be allocated as follows: approximately 70% for enhancing AI model R&D capabilities, 10% for optimizing the MaaS platform, 10% for developing business partnerships and strategic investments, and 10% for working capital and general corporate purposes [4].