The Beijing-based company will offer up to 21.97 million new shares at HK$714 apiece, targeting gross proceeds of about HK$15.68 billion ($2 billion). The placement price is 10% below Z.ai’s closing price of HK$793 on Friday.
The Beijing-based company will offer up to 21.97 million new shares at HK$714 apiece, targeting gross proceeds of about HK$15.68 billion ($2 billion). The placement price is 10% below Z.ai’s closing price of HK$793 on Friday.