UOB Venture-backed Chinese AR firm WiMi Hologram raises $26m in US IPO

UOB Venture-backed Chinese AR firm WiMi Hologram raises $26m in US IPO

REUTERS/Eric Thayer

WiMi Hologram Cloud Inc, a Chinese provider of ad services and software used in holographic augmented reality (AR), raised $26 million in its IPO in the US after pricing its American depositary shares (ADSs) at $5.50, the lower end of its target range.