If you are a Canadian investor interested in the SenseTime stock, you can set up a trading account with a brokerage company that allows users to invest in international stocks. Once the company starts trading in the Hong Kong stock market, investors should be able to explore the shares of the AI company. © 2021 Kalkine Media Inc.
Full Answer
Is SenseTime a public company?
SenseTime raised $740 million in its initial public offering (IPO), the fifth largest in Hong Kong in 2021 according to Dealogic data.
What is SenseTime stock symbol?
SenseTime Group Inc 20-HK:Hong Kong Stock Exchange.
Why is SenseTime on the blacklist?
In 2019, the US authorities had put SenseTime on an export blacklist to restrict the company from getting access to certain technologies which are being developed in the United States.
What is SenseTime's product?
Apart from developing technologies for interpreting images, SenseTime's products also include autonomous driving technology and facial recognition. The company was in the middle of controversy amid growing US and China tensions.
Is SenseTime a challenge?
SenseTime has reportedly claimed that the present regulatory environment might pose a challenge to business operations. According to reports, the Beijing-based company recorded revenues of 1.65 billion yuan in the first half of 2021, an increase of 91.8 per cent year-over-year (YoY).
Is SenseTime going public?
Beijing-based SenseTime Group, which is said to be China’s top artificial intelligence (AI) startup, is looking to go public in the Hong Kong equities market.
Who is Shreya Biswas?
Shreya Biswas is a Senior Financial Journalist with a degree from the Asian College of Journalism. Previously a literature student-turned-political reporter, she now writes on market trends at Kalkine Media. When not chasing deadlines, she enjoys blo...
Is China cracking down on technology companies?
Technology companies in China have been facing increased scrutiny for the past few months. China is cracking down on these companies over allegations that they have monopolistic business strategies and user data is not safe with them.
What we know about the SenseTime IPO
On January 21, 2022, China-based artificial intelligence company, SenseTime Group Inc. went public on the Stock Exchange of Hong Kong (HKG). The company sold around 1.5 billion stocks, raising approximately $740 million (down from its original goal of $2 billion). The proposed stock price was HK$3.85.
Is SenseTime stock publicly trading?
Yes. To trade foreign stocks, investors living in Canada need to open a stock trading account with a Canadian broker that offers access to international exchanges.
Compare up to 4 providers
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind.
Highlights
SenseTime IPO could be derailed in future as the United States will likely put the artificial intelligence startup on a trading blacklist.
What's next for SenseTime IPO?
SenseTime IPO could be derailed in future as the United States will likely put the artificial intelligence startup on a trading blacklist. The government will likely place SenseTime on the list of Chinese military-industrial complex companies.
Bottom line
American investors who were interested in SenseTime IPO will have to let it go if the IPO happens and the US puts it on the investment blacklist.