Qingdao Ainnovation Technology Group Watchlist
AInnovation Technology IPO Initiation: Code Amber
Equity Capital Markets
229 Views, 16 Jan 2022 21:40
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.