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SenseTime shares surge 23% in Hong Kong IPO

By Ma Si | chinadaily.com.cn | Updated: 2021-12-30 10:30
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SenseTime Group's IPO celebration ceremony. [Photo provided to chinadaily.com.cn]

Chinese artificial intelligence pioneer SenseTime Group made its debut on the Hong Kong Stock Exchange on Thursday after raising HK$5.55 billion ($711 million) in an initial public offering.

Its shares rose as much as 23 percent in the morning trade from the debut price of HK$3.85 each, valuing the company at $16.4 billion.

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