What does SenseTime Group Inc do?

The Company develops artificial intelligence software products, computer vision software products, and other products. SenseTime Group provides its services throughout China. Stock analysis for SenseTime Group Inc (20:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile.

How did SenseTime set IPO price?

"SenseTime set the IPO price at the lower end of the range which left room for the price performance after listing." The Chinese company raised $740 million in its initial public offering and priced its shares at HK$3.85 ($0.4937) each.

How much is SenseTime worth?

The Chinese company raised $740 million in its initial public offering and priced its shares at HK$3.85 ($0.4937) each. The deal valued SenseTime at $16.4 billion, while at the session's high its market capitalisationhad added some $3.8 billion. SenseTime ended at HK$4.13 in its debut session, up 7.3% from its IPO price.

Is SenseTime selling a function of lock-up expiry?

“Today’s [SenseTime] selling appears to be purely a function of the lock up expiry,” said Brian Freitas, an analyst with Periscope Analytics. “China tech is down a lot over the last six months and the pre-IPO investors and cornerstone investors are just trying to exit their positions.”