Chinese cognitive AI player Xiao-I floats shares on Nasdaq
NEW YORK, March 9 (Xinhua) -- 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