Chuankuang technology has been approved for IPO in Hong Kong and will raise 500 million US dollars

category:Internet
 Chuankuang technology has been approved for IPO in Hong Kong and will raise 500 million US dollars


Kuang Shi technology, known as face + + as a face recognition platform, plans to become the first listed AI company in China. Last November, the Listing Committee of the Hong Kong stock exchange of China asked Kuang Shi technology to provide more information. According to unnamed sources, Kuang Shi technology will soon submit the latest listing information to the Hong Kong stock exchange of China.

Citigroup, Goldman Sachs and JPMorgan Chase are working to update their listing plans, all of which declined to comment. A spokesman for Kuangshi technology and HKEx also declined to comment.

Kuangshi technology submitted its listing application on August 25 last year. According to the Hong Kong stock exchange, the company has six months from the date of application to prepare for listing.

However, according to the Hong Kong stock exchange, once the deadline is exceeded, the company to be listed can still apply for a three-month extension.

Last May, it raised $750 million, valued at just over $4 billion, and attracted investors including Australian investment bank Macquarie Group and Abu Dhabi Investment Authority. (Chen Chen)

Source: Wang Fengzhi, editor in charge of Netease Technology Report