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China’s SenseTime Postpones IPO After U.S. Blacklisting

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SenseTime, which had aimed to raise up to $767 million from the deal, says it is still committed to concluding Hong Kong listing soon

Chinese artificial-intelligence company SenseTime Group Inc. said it would postpone its Hong Kong initial public offering, days after it was added to an investment blacklist of companies that the U.S. government says are supporting Chinese military development.

In a statement to Hong Kong’s stock exchange, the company said the halt was meant to help investors consider the potential impact of the U.S. blacklisting, adding that it remains committed to completing the listing soon. The postponement comes after the company

 

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Like a bull in a 'China' shop?

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China's SenseTime postpones $767 mln Hong Kong IPO after U.S. banChinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist.
Source: Reuters - 🏆 2. / 97 Read more »