Jinwu Financial News | Brain Power Aurora Mobile (06681) will start offering shares today. It plans to issue 0.181 billion H shares. Of these, 10% are public sales in Hong Kong, the rest are international placements, and 15% are over-allotted shares. The offering price per share is HK$3.22, 1,000 shares per lot, and the entry fee is HK$3,252.47. CICC and SPDB International are co-sponsors. The shares are expected to be listed on January 8, 2025.
The company expects to raise net capital of approximately HK$0.501 billion, which is expected to cover expenses to carry out further R&D activities, promote clinical trials with more indications, and promote sales and distribution activities for core product systems; approximately 16.5% is expected to help more hospitals in China establish new cognitive centers, which can use the company's products to diagnose and treat patients with cognitive impairment and/or other conditions through the new cognitive centers. Approximately 15.0% of the net proceeds are expected to strengthen the company's AI and related technology capabilities in the next two years; about 5.0% of the net proceeds are expected to accelerate the development and commercialization of other candidate products within and outside the company's existing product pipeline, giving priority to developing promising indications;) Approximately 15.0% of the net proceeds are expected to be used to establish brain science and digital therapy research centers in cooperation with academic institutions and hospitals in the next two years, giving priority to cooperative projects that are expected to bring immediate benefits to the company's R&D progress; about 8.5% is expected to be used as the company's Working capital and other general corporate purposes.
