SenseTime Delays Hong Kong IPO After US Investment Ban

By Tom Zanki (December 13, 2021, 9:47 PM EST) -- Chinese artificial intelligence company SenseTime Group Inc. on Monday told the Hong Kong stock exchange that it is indefinitely postponing an estimated $767 million initial public offering three days after it was placed on a U.S. government blacklist.

The U.S. Department of the Treasury on Friday added SenseTime to a list of "Chinese Military-Industrial Complex" companies, or CMICs, that are off limits to U.S. investors, according to the company's filing with the Stock Exchange of Hong Kong Ltd.

SenseTime was scheduled to publish final terms on Thursday on an IPO projected to sell 1.5 billion shares at HK$3.99 each, raising HK$5.985...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!