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Chinese cognitive AI player Xiao-I floats shares on Nasdaq

STORY: Chinese cognitive AI player Xiao-I floats shares on Nasdaq DATELINE: March 10, 2023 LENGTH: 00:01:46 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of the opening bell ceremony at Nasdaq 2. SOUNDBITE (Chinese): YUAN HUI, Chairman and chief executive officer of Xiao-I STORYLINE: Xiao-I Corporation, a cognitive artificial intelligence (AI) enterprise from China, floated its shares Thursday on Nasdaq. Based in east China's Shanghai, Xiao-I raised 38.76 million U.S. dollars by issuing 5.7 million American Depository Shares (ADSs) at the price of 6.8 dollars per ADS, according to a release by the company on Wednesday. The initial public offering (IPO) is expected to close on Monday next week and underwriters have an option to purchase additional 855,000 ADS at the IPO price within a period of 45 days, said the release. The shares of Xiao-I are traded on the Nasdaq Global Market under the ticker symbol "AIXI." Xiao-I intended to issue 6 million ADSs with a price range of 6.8 d

Chinese cognitive AI player Xiao-I floats shares on Nasdaq

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