This article only represents the author's own views.
Is the market for new AI listings becoming oversaturated?
That question was front-and-center in the latest listing document from Unisound AI Technology Co. Ltd. (9678.HK), which launched its Hong Kong IPO on Friday with a very modest fundraising target of up to HK$320 million ($41 million). The company plans to sell 1.56 million shares in the listing, representing just 2.2% of its share capital, which seems to show it’s not extremely confident of big demand for the stock.
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