Baker McKenzie Advises Knowledge Atlas Technology on its HKD 4.3 Billion Global Offering and Hong Kong Listing

Baker McKenzie acted as the Hong Kong and US legal adviser to the sole sponsor and underwriters in connection with Knowledge Atlas Technology Joint Stock Company Limited (Knowledge Atlas Technology)’s global offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The offering raised over HKD 4.3 billion (approximately USD 560 million) based on the offer price of HKD 116.2 per share for 37,419,500 shares, with an IPO valuation of approximately HKD 51 billion (USD 6.55 billion), without taking into account the over-allotment option. This marks it the “first global large model stock” and one of the largest IPOs in Hong Kong’s technology sector in recent years.  The company’s H shares (stock code: [2513]) commence trading today.

Knowledge Atlas Technology (智谱) is a leading artificial intelligence and big data solutions provider in China, with a strong market position in AI model development and industry-specific intelligent applications. Proceeds from the offering will be used to further strengthen R&D capabilities, expand global market presence, deepen industry partnerships, enhance AI infrastructure, as well as for working capital and general corporate purposes.