Evoken, the Chinese startup behind Lovart, is considering an initial public offering in Hong Kong, people familiar with the matter said, making it the latest firm seeking to tap booming investor demand for artificial intelligence tools. Founded in 2022, it has quickly gained traction with its AI design agent that automates visual content creation for marketing and e‑commerce clients.

The potential IPO follows Manus's breakout success, which has heightened interest in AI-focused listings and reinforced the view that Chinese AI firms are positioning for global capital markets. Investors are eager to back AI applications promising productivity gains across finance, healthcare and retail, driving a surge in funding rounds.

If listed, Evoken would join a growing cohort of AI ventures pursuing equity financing, leveraging strong appetite for generative AI solutions and aiming to raise capital for product development, international expansion and talent acquisition. The offering could value the company at several hundred million dollars, though exact timing remains uncertain as regulatory approvals and market conditions evolve.

Regulators in Hong Kong are reviewing AI‑related listings, demanding clear disclosures on data usage and algorithmic transparency, which may affect the terms of any potential offering. The company aims to debut on the exchange by late 2025, subject to regulatory clearance.