Corporate-backed artificial intelligence technology developer SenseTime has set terms for an offering which could illustrate where China's troubled public markets space currently lies.
SenseTime, a China-based artificial intelligence technology provider that counts corporates Alibaba, Qualcomm, SoftBank, Suning and Dalian Wanda as investors, is seeking up to $767m in its initial public offering, Reuters reported today.
The figure comes from a term sheet seen by Reuters that states SenseTime plans to issue 1.5 billion shares on the Hong Kong Stock Exchange priced between HK$3.85 and HK$3.99 ($0.49 to $0.51).
The company has signed up eight cornerstone investors who have subscribed for a total of…
