© Reuters. FILE PHOTO: The logo of artificial intelligence (AI) startup SenseTime is seen at its office in Hong Kong, China August 18, 2021. Picture taken August 18, 2021. REUTERS/Tyrone Siu/File Photo
By Kane Wu and Scott Murdoch
(Reuters) – Chinese artificial intelligence start-up SenseTime Group will withdraw its $767 million Hong Kong initial public offering (IPO) on Monday after it was placed on a U.S. investment blacklist, three sources told Reuters.
The sources, who could not be named as the information was not yet public, said an official announcement would be made to the Hong Kong Stock Exchange shortly.
SenseTime, which was placed on a U.S. investment blacklist on Friday by the Biden Administration, did not immediately respond to a request for comment.
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