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Market Chatter: AI-startup StepFun Eyes Hong Kong Listing

MT Newswires Live
Yesterday

Shanghai-based artificial intelligence firm StepFun is eyeing a potential Hong Kong listing as early as this year to raise up to $500 million, Bloomberg News reported Wednesday, citing people familiar with the matter

The Tencent-backed (HKG:0700) firm has held discussions with prospective advisers about the potential listing, the people told the news agency.

The report cautioned that the IPO's details were yet to be finalized.

A StepFun representative did not respond to Bloomberg's comment requests.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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