SenseTime Group shares surged as much as 23% from their IPO price on Thursday, adding billions of dollars to the artificial intelligence start-up’s market value as it debuted in Hong Kong in the city’s final major float for the year.
Some analysts had expected the shares to struggle due to weak demand during the IPO process and worries about SenseTime’s inclusion on a U.S. investment blacklist that prompted the Chinese firm to shelve its first attempt to list.
