The corporate-backed image recognition technology producer has gone public in Hong Kong as the Chinese government introduces new regulations governing foreign IPOs.
Corporate investors SoftBank, Qualcomm, Alibaba, Suning and Dalian Wanda scored exits today as China-based computer vision technology provider SenseTime floated in Hong Kong in a HK$6.64bn ($851m) initial public offering.
The company sold 1.5 billion shares priced at the foot of the HK$3.85 to HK$3.99 range it set for the offering earlier this month and an extra 225 million through an over-allotment option. They closed at HK$4.13 ($0.53) on their first day of trading on the Hong Kong Stock…
