Mergermarket: Conversational AI Solutions Provider Voicecomm to Raise CNY 200m in pre-IPO; CICC Advises HK IPO - Sources

February 07, 2023

China-based conversational artificial intelligence (AI) solutions provider Shanghai Shengtong Information Technology, also known as Voicecomm, plans to go public in Hong Kong in the first quarter of 2023. The company is raising around CNY 200 million (US$29.5 million) in its pre-IPO round and has a pre-money valuation set between CNY 1.8 billion (US$264.96 million) and CNY 2 billion (US$294.40 million). O’Melveny & Myers LLP is advising Voicecomm on overseas legal issues.

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