SenseTime Shares More Than Double in First Week of Trading

(Bloomberg) — Shares of Chinese artificial intelligence giant SenseTime Group Inc. are set to finish their first week of trading at more than double the initial sale price, defying the impact of U.S. sanctions that tainted the offering last month.

SenseTime is up more than 120% since it debuted in Hong Kong Dec. 30. It is set to join the three best initial public offering gainers for the first week of trading in the Asian financial hub over the past year, based on offerings of at least $500 million.