SenseTime Restarts IPO Plans After Being Blacklisted By US

By Tom Zanki (December 20, 2021, 4:42 PM EST) -- Chinese artificial intelligence company SenseTime Group Inc. said Monday it is proceeding on an estimated $767 million initial public offering, one week after suspending plans because it was placed on a U.S. government blacklist.

SenseTime expects to finalize terms Thursday on an IPO that is projected to sell 1.5 billion shares at HK$3.99 each, raising HK$5.985 billion ($767.2 million), according to a revised schedule filed with the Stock Exchange of Hong Kong Ltd. Those plans include 1.35 billion shares offered to international investors, though SenseTime noted shares will not be sold to U.S. investors.

"Due to the dynamic and evolving nature of...

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