Autonomous Driving Firm DeepRoute.ai Is Said to Consider Hong Kong IPO

Chinese autonomous driving company DeepRoute.ai is considering an initial public offering in Hong Kong, people familiar with the matter said, joining a growing list of tech firms selling shares in the Asian hub.

DeepRoute filed listing documents confidentially in Hong Kong late last year and is seeking to raise several hundred million dollars, according to the people, who asked not to be identified because the information is private. The company is working with financial advisers, but the timing of an IPO isn’t fixed, they added.