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SenseTime relies on investor rebalance for $767M Hong Kong IPO relaunch

December 21, 2021
Source: biometricupdate.com biometricupdate.com
News Snapshot:
SenseTime relies on investor rebalance for $767M Hong Kong IPO relaunch Chinese facial recognition provider SenseTime has relaunched its US$767 million IPO after retracting its listing in light of being added to the U.S. investment blacklist, reports Reuters . SenseTime is still seeking to sell 1.5 billion shares between HK$3.85 and $3.99 (US$0.49 to $0.51). The final price will be set on Thursday 23 December with shares due to start trading on the Hong Kong Stock Exchange on 30 December. Reuters reports that the firm will rely on cornerstone investors investing more, to buy $511 million (67 percent) rather than...
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