<IPO>BrainCo Reportedly In Talks for Pre-IPO Financing, Likely Set for Listing in HK/ Mainland CN
BrainCo, a rival to Elon Musk&#39;s Neuralink, is negotiating pre-IPO financing at a valuation ...
BrainCo, a rival to Elon Musk's Neuralink, is negotiating pre-IPO financing at a valuation exceeding US$1.3 billion, and is preparing for a listing in Hong Kong or Mainland China, Bloomberg reported, citing people familiar with the matter.
Headquartered in Hangzhou, BrainCo was founded in 2015 and develops Brain-Computer Interface (BCI) technology. The company is reportedly in talks to secure approximately US$100 million in pre-IPO financing.
At the moment, the company has started preparing listing documents, but the listing location and other details have yet to be finalized.
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