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SenseTime Group to raise $767.7m in Hong Kong IPO, says Caixin

By Ma Si | chinadaily.com.cn | Updated: 2021-12-06 11:33

The logo of SenseTime at SenseTime office, in Shanghai, on June 3, 2020. [Photo/Agencies]

Chinese mainland artificial intelligence company SenseTime Group aims to raise about HK$5.985 billion ($767.7 million) in its initial public offering in Hong Kong, financial media outlet Caixin reported.

The company plans to sell 1.5 billion primary shares within a price range of HK$3.85 to HK$3.99 per share each, the term sheet Caixin obtained said.

SenseTime had no comment on the deal's launch.

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