智谱华章(02513.HK)开启招股：估值超511亿港元 拟募资43亿港元

Group 1 - The company, Zhihui Huazhang Technology Co., Ltd., has officially launched its IPO in Hong Kong, with the offering period from December 30, 2025, to January 5, 2026, and plans to list on January 8, 2026, under the stock code "2513" [1] - The company plans to issue a total of 37.42 million H-shares, with 1.87 million shares available for public offering in Hong Kong and 35.55 million shares for international offering [1] - The expected issue price is HKD 116.20 per share, aiming to raise approximately HKD 4.3 billion, with a projected market capitalization exceeding HKD 51.1 billion at IPO [1] Group 2 - As the "first stock of global large models," Zhihui Huazhang has attracted significant interest from capital markets, securing cornerstone investments from 11 institutions, including JSC International Investment Fund SPC and Shanghai Gao Yi, with a total intended subscription of HKD 2.98 billion [1] - The company operates a MaaS (Model as a Service) model, providing intelligent capabilities to developers and enterprises through API calls, showing exponential growth in its cloud MaaS and subscription business [1] - Zhihui Huazhang has empowered over 12,000 enterprise clients globally, with more than 80 million end-user devices and over 45 million developers, making it the leading independent general-purpose large model developer in China [2]