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Defiance Technology seeks to raise $1 billion in IPOs approved on Thursday

2019-11-19T16:59:43.545Z


Quoted "Reuters" under the IFR news, contempt for technology plans to seek Hong Kong IPO on Thursday for approval. According to the report, contempt plans to raise $500 million to $1 billion in IPOs in Hong Kong, but has not yet decided whether to launch the referral. Defiance had raised $750 million in private financing in April, when the company was valued at $4 billion. Despise and other 7 mainland


Financial News

Written by: Huang Youhua

2019-11-19 21:28

Last updated: 2019-11-19 21:28

Quoted "Reuters" under the IFR news, contempt for technology plans to seek Hong Kong IPO on Thursday for approval. According to the report, contempt plans to raise $500 million to $1 billion in IPOs in Hong Kong, but has not yet decided whether to launch the referral. Defiance had raised $750 million in private financing in April, when the company was valued at $4 billion.

Defiance and other seven mainland technology companies were accused of using high technology to help the Chinese government monitor Xinjiang Uyghur Muslims, which was included in the "blacklist" by the US government. The report quoted sources as saying that the current market sentiment is not bad. If contempt can lower the valuation to reflect the US blacklist risk, it may be defying technology or may pass.

Defiance of applying for listing under the different ownership structure of the same stock, if successful, will be the fourth share of the same stocks in the United States (3690), Xiaomi (1810) and Alibaba (9988).

"Bloomberg": Despise technology or consider postponing listing

Mainland face recognition technology company defiance of technology application for listing or become the third share of the same shares

The mainland AI company defiance of technology in the short-term to come to Hong Kong to apply for listing will adopt the same rights structure

IPO

Source: hk1

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