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<IPO>BABA-W-backed AI Video Startup PixVerse Said to Plan HK IPO as Early as This Yr
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PixVerse, an AI video startup backed by BABA-W (09988.HK), is considering an IPO in Hong Kong as early as this year, Bloomberg quoted sources as saying. It is reported that PixVerse is working with banks including CICC and JPMorgan to prepare for the listing. However, details like the final timing and valuation may change. PixVerse raised US$300 million in a Series C financing round this year, with a valuation exceeding US$1 billion. The company is one of several startups developing AI video systems for advertising, entertainment and social media. Its competitors include OpenAI, ByteDance's Seedance and Alphabet (GOOGL.US). Auto-translated by AI AASTOCKS Financial News |
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