Business Standard

Monday, December 23, 2024 | 08:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

China's SenseTime Hong Kong IPO in limbo after US blacklisting: Report

SenseTime's addition to the US blacklist would prohibit US-based investors from buying its shares

Photo: Reuters
Premium

Photo: Reuters

Reuters
 Chinese artificial intelligence startup SenseTime Group is considering whether it can proceed with a planned $767 million Hong Kong initial public offering after the U.S. added it to an investment blacklist, two sources familiar with the situation told Reuters.

The sources said on Saturday that the company had not yet made a final decision on whether to go ahead with the listing, while one added that it would consider whether to make additional risk disclosures if it proceeds.

A spokesman for SenseTime declined to comment on possible IPO changes.
SenseTime had missed the pricing date for the IPO on Friday after a media

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in