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AI Firm Yitu Said to Mull Hong Kong IPO After Shanghai Plan Halt

August 20, 2021
Source: bloombergquint.com bloombergquint.com
News Snapshot:
AI Firm Yitu Said to Mull Hong Kong IPO After Shanghai Plan Halt (Bloomberg) -- Chinese artificial intelligence company Yitu Technology is considering an initial public offering in Hong Kong after a tightening regulatory scrutiny stalled an earlier attempt to list in Shanghai, people familiar with the matter said. The AI firm could seek a valuation of about $4 billion in the Hong Kong share sale, according to the people, asking not to be named discussing private matters. Yitu, whose application for a STAR board IPO was withdrawn last month when regulators failed to give their approval after a lengthy...
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