China’s high AI firm SenseTime plans to raise HK$5.ninety nine billion ($768 million) in its Hong Kong debut, down about 62% from a reported $2 billion aim. The company is selling 1.5 billion shares between HK$3.85 and HK$3.ninety nine apiece, with the listing scheduled on Dec. 17. SenseTime’s listing comes amid Beijing’s intensified scrutiny of know-how companies Software and their knowledge security practices. The 7-year-old company makes facial recognition software program for various fields, including safety and financial services. SenseTime is valued at greater than $12 billion in its most up-to-date financing spherical obtained in January.
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