Chinese space-AI tech hopeful Adaspace faces wary investors in Hong Kong IPO
Hong Kong is set to welcome its second aerospace-related listing this year, but persistent weakness in the initial public offering market has dampened investor appetite despite the relative rarity of space-tech offerings in the city. Major brokerages reported that Adaspace Technology, which aims to build AI computing facilities in space, had attracted only about HK$87 million (US$11.1 million) in…
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