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China’s SenseTime Hong Kong IPO after being blacklisted in the US – Source

News Snapshot:

December 11, 2021 Hong Kong (Reuters) – China’s artificial intelligence startup SenseTime Group is considering whether it can proceed with the planned $ 767 million initial public offering in Hong Kong after the US has been added to the investment blacklist. Two sources familiar with the situation told Reuters. Sources said on Saturday that the company had not yet made a final decision on whether to proceed with the listing, but added that it would consider whether to make additional risk disclosures if the listing progresses. A SenseTime spokesman declined to comment on possible IPO changes. SenseTime missed Friday’s IPO…

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