Chinese artificial intelligence firm SenseTime Group Inc.is discussing with advisers whether to delay its Hong Kong initial public offering.
SoftBank Group Corp.agreed in the most recent funding round for SenseTime that if the company did not list by April, it would have to buy back the shares from investors, one of the people said, asking not to be identified because the information is private.
Deliberations are ongoing and the share sale could still proceed, the people said. A representative for SoftBank didn’t immediately respond to a request for comment, while a representative for SenseTime couldn’t immediately comment.
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