IPO News | Rumor has it that Yunyu Technology secretly submitted an IPO application to the Hong Kong Stock Exchange with the goal of listing by the end of the year

The Zhitong Finance App learned that according to media reports quoting sources, the Chinese artificial intelligence company Yunyi Technology has submitted a listing application to the Hong Kong Stock Exchange in a confidential form. The target is to go public by the end of this year, but the exact timing and fund-raising may change. Sources said that Yunyi Technology previously raised hundreds of millions of dollars in the form of private funds. Based on this calculation, the company's valuation is about 10 billion yuan.

According to the company's official website, Yunyi Technology, founded in 2016, is an enterprise-level AI application solution provider, a national-level specialized and innovative “little giant” enterprise, focusing on building a superintelligence operating superintelligence for Xgos.AI enterprises.

Yunyi Technology has received strategic investments from funds such as Sequoia China, Tencent Investment, Yunfeng Fund, Kaixin Capital, CICC Jiatai Fund, Yuanhe Zhongyuan, Xianghe Capital, and Ginkgo Valley Capital.