Chinese facial recognition unicorn Megvii prepares China IPO


Source: rocketnews.com rocketnews.com

Key Topics in this News Article:

News Snapshot:

Posted by Editor - Technology News | Jan 13, 2021 | Technology | 0 | Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. The move came more than a year after Megvii, known for its computer vision platform Face++, filed to go public in Hong Kong in August 2019. At the time, Reuters reported that the company could raise between $500 million and $1...