SenseTime Group, Inc. Class B (HK:0020) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
SenseTime Group Inc. is set to place 1.865 billion new Class B shares at HK$1.50 each, representing a discount to recent market prices. This move is expected to generate net proceeds of approximately HK$2.787 billion, targeting not less than six investors through a best effort basis placement. Investors are advised to remain cautious as the deal’s completion depends on several conditions being met.
For further insights into HK:0020 stock, check out TipRanks’ Stock Analysis page.