Chinese AI firm Fourth Paradigm leads HK IPO surge to raise $280m

Chinese AI firm Fourth Paradigm leads HK IPO surge to raise $280m

Fourth Paradigm (also known as 4Paradigm) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo

Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched on Monday.

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