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China artificial intelligence firm SenseTime $767m listing

December 21, 2021
Source: kxan36news.com kxan36news.com
News Snapshot:
This announcement comes one week after the listing was pulled due to the ban on Americans investing in the company. Washington accused SenseTime, with a particular focus on ethnic Uyghurs, of creating facial recognition software that can identify people’s ethnicity. The shares of the company are scheduled to trade on the Hong Kong Stock Exchange from 30 December. According to regulatory filings, SenseTime has maintained its goal of selling 1.5 million shares in the initial public offer (IPO) at HK$3.85(PS0.37; $0.49), and $HK3.99 per share. The final price will be announced on Thursday. After the US Treasury Department placed SenseTime...
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