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Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints

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Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints


HONG KONG -- Chinese artificial intelligence company Mobvoi went public in Hong Kong on Wednesday and saw its stock promptly drop more than 20%, marking the exchange's third dismal listing this week. The company's shares started trading at 2.98 Hong Kong dollars, down from the offer price of…

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