Chinese AI startup Yanyu Technology, the company behind the AI design agent Lovart, is considering an initial public offering in Hong Kong, according to a report by JRJ citing people familiar with the matter. The company is also close to raising new funding in a deal that would value it at $3 billion, the report said. People familiar with the discussions said Yanyu Technology has begun early talks with advisers about a possible share sale, though the deliberations remain preliminary and no final IPO decision has been made. The report placed the company among a new group of AI firms seeking fresh capital as investor demand for AI tools continues to rise, following the breakout success of Manus. A spokesperson for Yanyu Technology did not respond to a request for comment, according to the report.
Yanyu Technology, the Chinese startup behind the AI design agent Lovart, is considering an initial public offering in Hong Kong, according to JRJ, which cited people familiar with the matter.
The people said the company has started early discussions with advisers about a potential share sale. Following the breakout success of Manus, Yanyu Technology is the latest company seeking to tap investor demand for AI tools to raise capital, the report said.
Funding round said to value company at $3 billion
People familiar with the matter also said Yanyu Technology is close to securing financing in a deal that would value the startup at $3 billion. The talks are still at an early stage, and no final decision has been made on whether to proceed with an IPO.
A spokesperson for Yanyu Technology did not respond to a request for comment, according to the report.
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