China's SenseTime Hong Kong IPO in limbo after U.S. blacklisting – sources
Information about China's SenseTime Hong Kong IPO in limbo after U.S. blacklisting – sources
Kevin David Scam or Legit
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 disclosures if it proceeds.
A spokesman for SenseTime declined to comment on possible IPO changes.
SenseTime had missed the pricing date for the IPO on Friday after a media report that a blacklisting was imminent.
The designation was confirmed later on Friday when the U.S. Treasury Department added SenseTime to a list …