Fourth Paradigm, a Chinese artificial intelligence (AI) firm backed by Sequoia Capital China, has renewed its filing for an initial public offering (IPO) in Hong Kong after an initial deadline to list on the bourse passed.
The firm had submitted an IPO prospectus on August 13, 2021, giving it up to six months (i.e before Feb. 13) to complete the listing on the main board of the Hong Kong stock exchange. International Financing Review (IFR) reported at the time that Fourth Paradigm was looking to raise $600 million in the IPO.
