AI firm Yitu considers shifting initial public offering to Hong Kong as fundraising stalls on Shanghai Star market

Source: Tech – South China Morning PostChinese artificial intelligence (AI) company Yitu Technology is considering an initial public offering (IPO) 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 US$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 Yitu, whose application for a Star board IPO was withdrawn last month when regulators…Read More

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