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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.
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