Microintelligence Launches Hong Kong IPO to Raise Up to HKD 800 Million

Microintelligence has opened subscriptions for its initial public offering (IPO) in Hong Kong, aiming to raise up to HKD 800 million (approximately USD 101.9 million), according to KrASIA. The company plans to issue a total of 37,275,800 H shares, with 3,727,600 shares allocated for the Hong Kong public offering and 33,548,200 shares for the international offering.

The offer price is set between HKD 16.63 and HKD 21.46 per share, with the subscription period closing on October 23. Trading of Microintelligence shares is scheduled to commence on October 28, KrASIA reported.

This IPO adds to the growing interest in tech-related listings in Hong Kong, a key financial hub closely watched by Japanese investors seeking diversified exposure across Asian markets, including FX and equities.