SenseTime to price shares at HK$3.85 in Hong Kong IPO – sources
Information about SenseTime to price shares at HK$3.85 in Hong Kong IPO – sources
Kevin David Scam or Legit
By Kane Wu and Scott Murdoch
HONG KONG (Reuters) -Chinese artificial intelligence start-up SenseTime Group plans to price its shares at HK$3.85 ($0.4936) each to raise $740 million in its revised Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter.
The sources could not be named as the information has not been made public.
SenseTime declined to comment to Reuters.
The company sold 1.5 billion shares in the deal, its second attempt to list in Hong Kong in a matter of weeks. It had flagged a HK$3.85 to $HK3.99 per share price range when the deal was relaunched on Monday. Its initial attempt was shelved after SenseTime was placed on a U.S. investment blacklist as the institutional bookbuild was being finalised. …