Mobvoi Inc (Ticker: 2438 HK) is an artificial intelligence company headquartered in Beijing, China. Founded on October 1, 2012, by Zhifei Li and Yuanyuan Li, Mobvoi specializes in consumer electronics and develops Chinese voice recognition, natural language processing, and vertical search technology. Their core team consists of former Google employees and experts from leading universities and tech companies. The company offers products such as Chumenwenwen Mobile Voice Search, TicAuto (in-vehicle speech recognition), TicMirror (smart rear-view mirror), TicEye (driver assistance system), and a series of smartwatches under the TicWatch brand.
Mobvoi Inc will list on April 24, 2024, on the Hong Kong Stock Exchange. The company plans to offer 84.57 million shares, with an expected price range of HKD 3.70 to 4.10. The offering includes a 15% greenshoe option, potentially increasing the total shares to 97.26 million if exercised. The IPO is managed by CMB International Capital Corp Ltd, China International Capital Corp HK Securities, and Shenwan Hongyuan Securities HK Ltd. The total offer size is projected to be HKD 346.73 million (USD 44.27 million).