Chinese AI satellite maker Adaspace slips in Hong Kong debut

ملخص مفصل

HONG KONG, Nov 13 : Chinese AI satellite maker Adaspace Technology slid 1.2 per cent in its Hong Kong market debut on Friday after raising HK$750 million ($95.6 million) in an initial public offering.

• Adaspace opened at HK$24.44, down 1.8 per cent from its HK$24.90 offer price, and last traded at HK$24.60. Hong Kong's Hang Seng Index was down 0.5 per cent

• Adaspace makes AI-powered satellites and provides satellite data services. It plans to use the IPO proceeds for research, satellite production and a Shenzhen research centre

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