China's SenseTime postpones $767 mln Hong Kong IPO after U.S. ban

📆 12/13/2021 9:15 AM
📰 Reuters

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Chinese 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.

SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable.

SenseTime did not provide details on the timetable for a revised IPO in its filing to the Hong Kong Stock Exchange on Monday. The company said it would refund all application monies in full, without interest, to all applicants who subscribed its shares in the offering process.

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