Shanghai Voicecomm Information Technology (Ticker: 2496.HK) is a Chinese conversational artificial intelligence solutions provider founded in 2005, active in the sectors of city management and administration, automotive and transportation, telecommunications, and finance. The company is selling 4.37 million primary shares, representing 12.3% of the enlarged share capital, at a fixed price of HK$152.10 each to raise HK$665 million (USD 86.45 million). The offering is managed by sponsor CICC.

Two cornerstone investors are contributing a total of USD 35.1 million: Wuhan Guangtong Gongying with USD 28.1 million and Jiangsu Jiangkong with USD 7 million.

Voicecomm posted an adjusted net profit of RMB 118 million (USD 16.25 million) for 2023, up 64% from 2022.

Pricing is expected on July 5, with the listing scheduled for July 10.