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

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. eastern time, on the nasdaq capital market under the symbol “icg.” the offering is expected to close on march 20, 2022, subject to customary closing conditions.
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