Chinese start-up SenseTime is considering an initial public offering on China's tech-focused STAR market after its latest fundraising that will value the company at US$10 billion, three people with knowledge of the matter said.
The plan for listing on China's year-old STAR market for start-ups is still preliminary with size and timetable undecided, said the sources, who did not want to be named as the information is confidential. The U.S. ban has made an overseas listing difficult, if not impossible, as global investors and investment banks are likely to shy away from companies being targeted by the United States, two of the people said.
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