XIAO-I Corp.

General Information

We are a cognitive intelligence company operating through our subsidiary, Shanghai Xiao-K. We offer a portfolio of cognitive intelligence technologies for businesses that use natural language processing and AI implementation.

We provide our products and services to hundreds of enterprises across various industries, including contact center, financial sector, government and healthcare. Our customers include 80% of the Top 10 banks in China in terms of asset size, as well as 60% of the Top 10 insurance companies in China. Our customers also include many leading enterprises in aviation, automobile, logistics, computer, communication, consumer and other industries and China’s Top 500 enterprises.

**Note: Revenue and net income are for the 12 months that ended June 30, 2022.

**Note: The ADS in the IPO will be issued by the Cayman Islands-incorporated holding company and not by the underlying business based in Shanghai, China.

(Note: XIAO-I Corp. priced its IPO at $6.80 – the low end of its $6.80-to-$8.80 range – on 5.7 million American Depositary Shares –  down from 6.0 million ADS in the prospectus – to raise $38.76 million on Wednesday night, March 8, 2023. The IPO raised $8.04 million less on those terms than if it had been priced at the $7.80 mid-point on the full 6.0 million ADS. XIAO-I Corp. changed its proposed stock symbol to “AIXI” from “XI” in an F-1/A filing dated March 6, 2023, and kept its IPO terms the same: 6.0 million American Depositary Shares (ADS) at $6.80 to  $8.80 to raise $46.8 million. XIAO-I Corp. disclosed the price range – $6.80 to $8.80 – for  its IPO of 6.0 million ADS – to raise $46.8 million in an F-1/A filing dated Feb. 13, 2023. The company revealed the number of ADS in the IPO in an F-1 filing dated Dec. 19, 2022. Each ADS equals one-third of an ordinary share. XIAO-I Corp. submitted confidential IPO documents to the SEC on July 8, 2022.) 

Industry: Services - Pre-Packaged Software
Employees: 443
Founded: 2001
Contact Information
Address 7th floor, Building 398, No. 1555 West Jinshajiang Rd Shanghai, China 201803
Phone Number +86 021-39512112
Web Address
View Prospectus: XIAO-I Corp.
Financial Information
Market Cap $556.0mil
Revenues $36.51 mil (last 12 months)
Net Income $0.97 mil (last 12 months)
IPO Profile
Symbol AIXI
Exchange NASDAQ
Shares (millions): 5.7
Price range $6.80 - $6.80
Est. $ Volume $38.8 mil
Manager / Joint Managers Prime Number Capital/ Guotai Junan International
CO-Managers SBI Capital/ AC Sunshine Securities LLC
Expected To Trade: 3/9/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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