Chinese face recognition Unicorn Megvii prepares for IPO in China - TechCrunch

January 12, 2021 Megvii, one of China's largest facial recognition startups, is preparing for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement published by the China Securities Regulatory Commission on Tuesday. The move came more than a year after Megvii, known as the computer vision platform Face ++, went public in Hong Kong in August 2019. At the time, Reuters reported that the company could raise between $ 500 million and $ 1 billion. However, the company's Hong Kong IPO application has expired for reasons…