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BUZZ-AI firm SenseTime shines in HK debut; Chervon, Sirnaomics jump

reuters.com · 12/29/2021 22:23
BUZZ-AI firm SenseTime shines in HK debut; Chervon, Sirnaomics jump

** Shares of Chinese artificial intelligence (AI) start-up SenseTime Group Inc WHLKY trade as high as HK$4.74 ($0.6079) in Hong Kong debut, up 23.1% from the initial public offering price

** Stock last up 14% from the IPO price of HK$3.85 apiece; second most actively traded by turnover

** Shanghai-based co sold 1.5 bln shares in IPO, raising $740 mln. It priced its shares at the bottom of the range flagged, valuing SenseTime at $16.4 bln nL1N2T804P

** Another new comer Chervon Holdings Ltd 2285.HK trades as high as HK$54.40 in debut, up 24.8% from the offer price of HK$43.60. The power tools maker sold 71.9 mln shares in global offering, raising HK$3.13 bln ($401.40 mln) nFWN2T11N1

** Shares of Sirnaomics Ltd 2257.HK rise 12.6% in debut to HK$74.20, compared to the offer price of HK$65.90. The Chinese biotech company sold 7.5 mln shares, raising HK$494 mln ($63.35 mln) in global offering nFWN2TD05L

** The Hang Seng sub-index on information technology firms .HSCIIT and the Hang Seng Tech Index .HSTECH both rise 0.7%

** The Hang Seng Composite Index on industrials .HSCIIG climbs 0.5% and the Hang Seng Index .HSI gains 0.4%


($1 = 7.7979 Hong Kong dollars)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))