Daily BriefsIPOs and Placements

Equity Capital Markets: Qingdao Ainnovation Technology Group Co Ltd and more

In today’s briefing:

  • AInnovation Technology IPO Initiation: Code Amber

AInnovation Technology IPO Initiation: Code Amber

By Arun George

  • AInnovation Technology (AIT HK) is a fast-growing enterprise AI solutions provider in China. It is set to launch an HKEx IPO to raise up to US$157 million.  
  • The fundamentals are mixed as diverging growth profiles of key segments, low market share and cash burn are accompanied by a narrowing loss margin. 
  • Overall, we believe the negatives outweigh the positives and we would give the IPO a pass. 

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