Deals
Chipmaker Black Sesame Considers $200 Million Hong Kong IPO
- CICC, Huatai are working with Shanghai firm on share sale
- Black Sesame could seek listing as soon as second half of 2023
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Black Sesame Technologies, a developer of artificial intelligence chips and systems for cars, is considering a Hong Kong initial public offering that could raise about $200 million, according to people familiar with the matter.
The Xiaomi Corp.-backed firm is working with China International Capital Corp. and Huatai International on preparations for the share sale, said the people, who asked not to be identified as the information is private. The IPO could take place as soon as the second half of this year, the people said.