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Caixin Global
Caixin Global
Business

China’s Biggest AI Startup Aims to Raise $742 Million in Hong Kong IPO

What’s new: SenseTime Group Inc., China’s largest artificial intelligence (AI) startup by revenue, plans to raise about HK$5.78 billion ($742.7 million) in its Hong Kong IPO on Friday, the company said in an exchange filing on Wednesday.

According to its prospectus, SenseTime had aimed to sell the 1.5 billion shares on offer for between HK$3.85 and HK$3.99 each. Its final offering price is at the very bottom of that range.

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