The producer of image recognition technology stemmed from Chinese University of Hong Kong’s Media Lab has gone public in Hong Kong as the Chinese government introduces new regulations governing foreign IPOs.
SenseTime, a China-based provider of computer vision technology developed at Chinese University of Hong Kong’s Media Lab, 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 Exchange.
Founded in 2014,…
