AI Pharmaceutical Company Jitai Technology Launches IPO, Plans to List on the Hong Kong Stock Exchange

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Mars Finance News: On May 5, it was announced that Ji Tai Technology (METiS) will conduct a public offering from May 5 to May 8, planning to issue approximately 201 million H shares. The offering price is HKD 10.50 per share, and the company is expected to list on May 13 under the code “7666.” This IPO brings in 18 cornerstone investors, with a total subscription of $148 million. The roster includes international institutions such as BlackRock, UBS, and Korea Future Asset, as well as state-owned funds and leading private equity firms such as Guofeng Investment Fund, Hillhouse, and IDG. Excluding the greenshoe mechanism, the fund-raising scale exceeds HKD 2.1 billion.

The company operates based on its AI nano-delivery platform NanoForge, and has applied for a total of 224 patents. In 2025, revenue is expected to reach 1.05 billion yuan, up significantly from 1.5 million yuan in 2024. The gross profit margin has increased from 55.5% to 98.2%, and losses during the year have narrowed to 392 million yuan. The company currently holds cash and cash equivalents of 1.13 billion yuan. Its core pipeline, MTS-004, has entered Phase III clinical trials, and the company plans to allocate 50% of the funds raised to research and development of the AI platform. (Kebao Broadcast)

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