Megvii Files For An IPO In Shanghai, Which May Raise At Least $922M; Megvii’s HK IPO Application Had Lapsed After It Was Blacklisted By The Trump Administration (Bloomberg)
Megvii documents in preparation for an IPO in Shanghai that is expected to bring in at least $922 million Megvii’s HK IPO application was rejected due to its being blacklisted by the Trump administration. (see below). CDRs will be listed on the Shanghai Stock Exchange by a Chinese AI firm — The offering could raise as much as 6 billion yuan to fund R&D and capital
