SenseTime Shares Surge 120% in Hong Kong on Second Trading Day

Technology Author: EqualOcean News Jan 04, 2022 12:34 PM (GMT+8)

The Chinese artificial intelligence giant raised around USD 740 million in its public debut.

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SenseTime (0020:HK), which went public on December 30, 2021, on the Hong Kong Stock Exchange, has seen a lot of market craze around its stock. On January 4, it closed the morning trading session at HKD 8.48 apiece, or up by over 120% since the IPO.

SenseTime is Asia's largest AI company (by revenue in 2020). It serves over 2,400 customers, including half of the Fortune 500 list.

SenseTime IPO at a glance