Chinese AI company StepFun is poised to file for an IPO on the Hong Kong Stock Exchange, potentially as early as June 8, with a valuation of around $12 billion. The company aims to raise approximately $500 million through the offering. StepFun has been consulting with financial advisors and has dismantled its offshore VIE structure to facilitate the listing process.
StepFun Targets $12 Billion Valuation in Hong Kong IPO
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