Singapore-based artificial intelligence video startup PixVerse plans to launch an IPO in Hong Kong in 2026. This is reported by foreign media.
PixVerse, controlled by Alibaba Group Holding Ltd. and CDH Investments, has attracted banks including China International Capital Corp. and JPMorgan Chase & Co. to evaluate the proposed stock offering.
In 2026, PixVerse received $300 million in financing from investors in a Series C round, increasing its market value to over $1 billion.
PixVerse is one of many startups developing AI-based video systems that are used in advertising, entertainment, and social media and compete with OpenAI, Seedance, owned by ByteDance Ltd., and Alphabet Inc.
PixVerse is a Singapore-based video startup with artificial intelligence for creating videos, images, and video clips. The company has developed the R1 real-time action management tool. PixVerse was founded in 2023 by a former ByteDance executive. It is headquartered in Singapore with offices in Beijing (China) and San Francisco (USA).
Read our Telegram channel "Mergers and Acquisitions. AK&M».
Our channel at MAX is "Mergers and Acquisitions. AK&M».
