Megvii Technology Limited’s Controversial IPO: What You Need to Know
Megvii Technology Limited is a Chinese artificial intelligence (AI) company known for its facial recognition technology. In late 2019, Megvii went public on the Hong Kong Stock Exchange, raising HKD 7.32 billion (approximately USD 922 million) in its initial public offering (IPO). However, Megvii’s IPO was not without controversy. In October 2019, just days before…