Welcome to our dedicated page for Xiao-I news (Ticker: AIXI), a resource for investors and traders seeking the latest updates and insights on Xiao-I stock.
Xiao-I Corporation (AIXI) reports developments as a Nasdaq-listed ADR issuer and artificial intelligence company focused on cognitive intelligence solutions. Its updates center on AI customer-service and conversational platforms, including iBot Pro, intelligent dialogue robots, smart voice customer service, and applications that use natural language processing, speech and recognition, machine learning, affective computing, computer vision, data intelligence, and hyper-automation.
Company news also covers enterprise renewals in banking, insurance, and automotive customer engagement, patent matters involving its variable interest entity's core AI technology, ADS ratio changes, Nasdaq listing-compliance notices, capital actions, and governance changes. These items reflect both Xiao-I's operating focus in AI industrialization and the disclosure profile of a foreign issuer with American depositary shares.
Xiao-I Corporation, a top AI enterprise in China, has priced its initial public offering (IPO) at $6.8 per American Depositary Share (ADS), totaling 5,700,000 ADSs. Trading under the symbol 'AIXI' on Nasdaq is set to commence on March 9, 2023, with the offering expected to close by March 13, 2023. The IPO could yield approximately $38.76 million, with potential total proceeds of $44.57 million if underwriters exercise their purchase option. Prime Number Capital LLC leads the underwriting team for this offering. Xiao-I specializes in cognitive AI technologies, enhancing industries through solutions in machine learning and natural language processing.