Exclusive: Blacklisted Megvii's $500 million HK IPO hit by regulatory setback - sources

Exclusive: Blacklisted Megvii's $500 million HK IPO hit by regulatory setback - sources

4 years ago
Anonymous $6AJGTL-6_8

https://www.reuters.com/article/us-megvii-ipo-exclusive/exclusive-blacklisted-megviis-500-million-hk-ipo-hit-by-regulatory-setback-sources-idUSKBN1XW13Y

Chinese AI firm Megvii Technology's plans for a $500 million listing in Hong Kong have been dealt a setback, with regulators in the city asking the company - which has been blacklisted by the U.S. government - for more information, three sources said.