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SenseTime shares soar 23% in debut after $ 740 million IPO in Hong Kong Paris Beacon News

December 31, 2021
Source: parisbeacon.com parisbeacon.com
News Snapshot:
By Scott Murdoch y Kane Wu Dec 30 (Reuters) – SenseTime Group shares rose as much as 23% from its IPO price on Thursday, adding billions of dollars to the market value of the artificial intelligence company as it debuted in Hong Kong at the latest. big IPO of the year in town. Some analysts expected the stocks to struggle due to weak demand during the Initial Public Offering (IPO) process and concerns about SenseTime’s inclusion on a U.S. investment blacklist that led the Chinese company to file its first. attempt to go public. “The main reason the share price...
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