Chinese AI company SenseTime aims to raise $768M in Hong Kong IPO – Bloomberg

Chinese artificial intelligence company SenseTime Group Ltd. is aiming to raise up to $768 million from its Hong Kong IPO, Bloomberg News reported Dec. 6, citing the company's term sheet.

SenseTime plans to offer about 1.5 billion shares at a price range of HK$3.85 per share to HK$3.99 per share, according to the report.

The company is expected to price the offering Dec. 10 and go public Dec 17.

Eight cornerstone investors, including Mixed-Ownership Reform Fund and Pleiad Fund, committed to subscribe to SenseTime shares worth about $450 million, accounting for about 59% of the offering.