iMotion Automotive Technology Suzhou Co., a developer and provider of AI automated driving solutions, is considering a Hong Kong initial public offering that could raise $200 million to $300 million, according to people familiar with the matter.
The Suzhou, China-based firm is working with CCB International Holdings Ltd., Citigroup Inc. and Huatai Securities Co. on preparations for a first-time share sale, said the people, who asked not to be identified as the information is private. The listing could take place as early as this year, the people said.
