AI firm SenseTime said to launch $2 billion Hong Kong IPO

2021-08-17 07:21:45

SenseTime's office buildings. ©SenseTime

Asian Tech Press -- Hong Kong-based AI firm SenseTime will launch a $2 billion Hong Kong IPO, Bloomberg reported, citing people familiar with the matter.

The report said SenseTime plans to file for a Hong Kong IPO in the next few weeks, and may hire HSBC to arrange the IPO of at least $2 billion.

In response, the company said, "SenseTime has no comment on market rumors."

Founded in 2014, SenseTime is China's largest up-and-coming artificial intelligence company and a "unicorn" with a market value of more than 10 billion yuan.

AI firm SenseTime Unicorn company HSBC Hong Kong IPO

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