Dec 29, 2021 06:28 PM

BUSINESS

China’s Biggest AI Startup Aims to Raise $742 Million in Hong Kong IPO

What’s new: SenseTime Group Inc., China’s largest artificial intelligence (AI) startup by revenue, plans to raise about HK$5.78 billion ($742.7 million) in its Hong Kong IPO on Friday, the company said in an exchange filing on Wednesday.

According to its prospectus, SenseTime had aimed to sell the 1.5 billion shares on offer for between HK$3.85 and HK$3.99 each. Its final offering price is at the very bottom of that range.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR