Sensetime to raise $2b in placement

// Artificial intelligence company SenseTime (0020) plans to place 1.67 billion shares at a price range between HK$1.18 and HK$1.23 apiece, to raise HK$1.97 to HK$2.05 billion. The offer price is a 6.8 to 10.6 percent discount on yesterday’s closing price, according to Bloomberg. https://www.thestandard.com.hk/section-news/section/2/263776/Sensetime-to-raise-$2b-in-placement //