The Alibaba, Foxconn, Legend Holdings and SK Group-backed image recognition software provider is reportedly weighing up New York and Hong Kong for an $800m initial public offering.
China-based facial recognition software provider Megvii is considering the launch of a US initial public offering that would enable corporates including Foxconn and Alibaba to exit, South China Morning Post reported today.
The company would look to raise up to $800m in the IPO, according to people familiar with the matter, though it is still deciding between New York and Hong Kong.
Founded in 2011, Megvii is the developer of Face++, a face, image and object recognition platform that is…
