SenseTime, China’s biggest artificial intelligence group, is likely to offer little upside for retail investors in Hong Kong who snapped up its shares despite sanctions by the US government before its US$851 million global offering. The stock may trade within a narrow range of HK$3.83 to HK$3.90 when it starts trading on Thursday, versus its offer price of HK$3.85, according to grey market levels indicated at Philip Securities and BrightSmart Securities late on Wednesday. Some 39 debutants, or one-third of local IPOs, ended below their offer prices this year. Controversy has dogged the group’s listing plan for more than a…