Intchains Group Limited (ICG) Prices 1M ADS IPO at $8/ADS

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Go back to Intchains Group Limited (ICG) Prices 1M ADS IPO at $8/ADS

Intchains Group Limited Announces Pricing of US$8.0 Million Initial Public Offering

March 15, 2023 6:22 PM EDT

Shanghai, China, March 15, 2023 (GLOBE NEWSWIRE) -- Intchains Group Limited (the Company or Intchains Group), a provider of integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications, today announced the pricing of its initial public offering (the Offering) of 1,000,000 American Depositary Shares (ADS) at a price to public of US$8.00 per ADS for the total offering size of approximately US$8.0 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents two Class A ordinary shares of the Company. The ADSs are expected to commence trading on March 16, 2023, U.S.... More