Chinese artificial intelligence company SenseTime has said it will postpone its $767m initial public offering in Hong Kong after being placed on a US investment blacklist.
SenseTime said in a Monday filing to the Hong Kong stock exchange it would refund application money paid by investors and issue a revised prospectus before completing the offering and listing “soon”.
The delay of one of Hong Kong’s largest listings in months comes after Chinese ride-hailing giant Didi announced it would delist from New York and switch to Hong Kong months after its IPO.
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