Intchains group limited announces closing of us$8.0 million initial public offering

Shanghai, china, march 20, 2023 (globe newswire) -- intchains group limited (nasdaq: icg)(the “company”), a provider of integrated solutions consisting of high-performance asic chips and ancillary software and hardware for blockchain applications, today announced the closing 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 began trading on march 16, 2023, u.s. eastern time, on the nasdaq capital market under the symbol “icg.”
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