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Market Chatter: Chinese AI Startup Evoken Eyes Hong Kong IPO

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Chinese startup Evoken, which developed AI design platform Lovart, is looking into a Hong Kong IPO, Bloomberg reported citing people familiar with the matter.

The company is reportedly in early-stage talks with advisers regarding a potential listing, the people said, asking not to be named.

A deal to raise funds, which would value Evoken at $3 billion, is reportedly in sight.

However, no final decisions regarding an initial public offering have yet been made, Bloomberg said citing the people.

The companies could not immediately be contacted for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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