PHANCY Shares Surge Over 5% as Company Begins IPO Guidance for Listing on Shenzhen Exchange

Deep News03-26

PHANCY (06682) saw its shares rise more than 5% during trading. At the time of writing, the stock was up 5.44%, trading at HK$36.44, with a turnover of HK$124 million.

On March 26, the IPO guidance disclosure system on the website of the China Securities Regulatory Commission showed that PHANCY had submitted its guidance filing to the Beijing Securities Regulatory Bureau, with plans to list on the Shenzhen Stock Exchange. The advising institution is Huatai United Securities. It is reported that the company recently completed a name change, transitioning from "Beijing Fourth Paradigm Intelligent Technology Co., Ltd." to "PHANCY Technology Group Co., Ltd."

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