Exclusive: Blacklisted Megvii's $500 million HK IPO hit by regulatory setback - sources
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HONG KONG (Reuters) - Chinese AI firm Megvii Technology's plans for a $500 million (388 million pounds) listing in Hong Kong have been dealt a setback, with regulators in the city asking the company - which has been blacklisted by the U.S. government - for more information, three sources said. Beijing-based Megvii did not win approval for its initial public offering (IPO) at a hearing with the Hong Kong Stock Exchange's Listing Committee on Thursday, the people with knowledge of the matter told..