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SenseTime Weighs Reopening Hong Kong IPO Orders Monday, Sources Say

  • Chinese AI firm is updating its prospectus after postponement
  • IPO delayed after SenseTime was put on U.S. restricted list
HONG KONG-CHINA-POLITICS-SANCTIONS-SENSETIME

Photographer: Peter Parks/AFP/Getty Images

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Chinese artificial intelligence firm SenseTime Group Inc. is considering reopening orders for its Hong Kong initial public offering as soon as Monday, according to people familiar with the matter, after tensions with the U.S. government delayed its debut.

The AI startup’s offering will be roughly the same size as it had been seeking prior to postponing its listing, the people said. Chinese investors are taking a larger percentage of the shares available to cornerstone investors in the IPO, one of the people said, asking not to be identified as the information is private.