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SenseTime plans Hong Kong IPO re-launch Monday; keeps fundraising target -sources -Breaking

by Mike Robinson

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© Reuters.

HONG KONG (Reuters] – The Chinese artificial intelligence startup SenseTime Group intends to retain its Hong Kong initial public offer (IPO), at $767 million, while it thinks about re-launching that withdrawn deal Monday, according to three sources with direct knowledge.

Because the information has not been made public, it was impossible to identify these people.

A spokesperson for SenseTime said that the company withdrew its Hong Kong IPO after being placed on an investment blacklist under President Biden’s administration.

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