 |
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
The $6.2M in net proceeds willl be earmarked for development and commercialization of new technologies and for general corporate purposes.
Intelligent Group’s financial services include arranging special events/press conferences, investor outreach, media relations/training, and crisis management.
The firm has targeted the US market for expansion.
The IPO comes as China has rolled out a stringent security law in Hong Kong to stifle dissent.
The vague wording of so-called Article 23 could pose a threat to multinationals operating in the former British colony.
Intelligent Group’s shares will trade under the INTJ symbol.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Have a comment? Send it to 
No comments have been submitted for this story yet.