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<IPO>MOBVOI (02438.HK) Opens at $2.98, Down 21.6% From Offer Price
MOBVOI (02438.HK) is listed today (24 Apr). It opened at $2.98, down 21.6% from the offer price of $3.8. Pre-market trading involved 11.773 million shares, with a turnover of $36.6...
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<IPO>MOBVOI (02438.HK) Opens at $2.98, Down 21.6% From Offer Price
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MOBVOI (02438.HK)  -0.005 (-1.299%)   is listed today (24 Apr). It opened at $2.98, down 21.6% from the offer price of $3.8. Pre-market trading involved 11.773 million shares, with a turnover of $36.676 million.

MOBVOI provides AI-generated content (AIGC) solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of its business. The company's institutional or corporate investors include SIG Entities, Google, HongShan, GoerTek (Hong Kong) and a number of other pre-IPO shareholders.

Related NewsGTJAI: Medium to Long-term Uptrend for HK Stocks; Tech Innovation Drives New Productivity Growth as New Momentum
The company offered 84.568 million shares, with the Hong Kong public offering accounting for 10%. It posted 117.39x subscription, with a one-lot (1,000 shares) success rate of 25.01%, and the subscription of 8 lots guaranteed a lot. The offer price range was $3.7 to $4.1 and the IPO was priced below the median, raising net proceeds of $267 million. Its joint sponsors were CICC and CMBI.


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