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China's SenseTime Hong Kong IPO in limbo after U.S. blacklisting – sources

December 11, 2021
Source: investing.com investing.com
News Snapshot:
The logo of artificial intelligence (AI) startup SenseTime is seen at its office in Hong Kong, China August 18, 2021. REUTERS/Tyrone Siu HONG KONG (Reuters) - Chinese artificial intelligence startup SenseTime Group is considering whether it can proceed with a planned $767 million Hong Kong initial public offering after the U.S. added it to an investment blacklist, two sources familiar with the situation told Reuters. The sources said on Saturday that the company had not yet made a final decision on whether to go ahead with the listing, while one added that it would consider whether to make additional risk...
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Tags: AI | artificial intelligence | Bangladesh | blacklist | China | Chinese | facial recognition | Hong Kong | initial public offering | investment | ipo | IT | KONG | Korea | listing | logo | media | military | Myanmar | North Korea | Office | pricing | report | Reuters | Sanctions

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