Chinese AI Developer Xiao-I Cuts US IPO to $47M from $60M (Pending: XI)

IPO digital background


Chinese developer Xiao-I ( XI ) has proposed terms for a reduced $47 million initial public offering in the US.

Xiao-I plans to offer 6 million American depositary shares, equal to 2 million common shares, at a price between $6.80 and $8.80, which would raise about $47 million if the price were at the midpoint, according to its filing.

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