AI Firm SenseTime Prices Hong Kong IPO at Bottom of Range
- Chinese AI firm expected to set price at HK$3.85 a share
- Listing was delayed after U.S. move to sanction company
The object detection and tracking technology developed by SenseTime on screen at the Artificial Intelligence Exhibition & Conference in Tokyo in 2018.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Chinese artificial intelligence firm SenseTime Group Inc. is likely to price its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter.
SenseTime plans to offer 1.5 billion shares at HK$3.85 apiece, the people said, asking not to be identified as the information isn’t public yet. At that price, it would raise about HK$5.78 billion ($741 million). The company had marketed the shares at HK$3.85 to HK$3.99 each, with trading debut set for Dec. 30.