China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

Information about China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

Kevin David Scam or Legit


By Kane Wu and Scott Murdoch
HONG KONG (Reuters) -Chinese artificial intelligence startup SenseTime Group is discussing the fate of its planned $767 million Hong Kong initial public offering (IPO) with the city’s stock exchange on Friday, two people with direct knowledge of the matter said.
The move comes after the Financial Times reported on Thursday that the United States will put the company on an investment blacklist on Friday that would mean U.S.-based investors could not buy shares in the company.
The sources declined to be named as the information was not yet made public. SenseTime had not been aware the blacklist was under consideration, the sources told Reuters on Thursday.
The Hong Kong Stock Exchange declined to comment and SenseTime did not immediately respond to Reuters’ requests for comment.

Read More on Datafloq

Breaking Story – China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

The Latest News on China's SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources

Source link
Category – Automation

Leave a Reply

Your email address will not be published.