The Chinese AI unicorn Megvii (旷视) has filed a 557-page IPO prospectus (www1.hkexnews.hk/app/appindex.h…) on the HK exchange (in their words: "opening ourselves up to the world" [p. 3]). They are expected to raise $500m - $1b. Here's some key takeaways from my morning power-skim: Let's start with the parties involved: 4 exec directors - the three cofounders Yin Qi, Tang Wenbin, and Yang Mu + Wang Haitong (who only joined a year ago/previously at Goldman); the 3 IPO sponsors are the usual suspects: Goldman Sachs, J.P. Morgan, Citi