Have investors’ confidence picked up after SenseTime's 150% post-IPO surge?
The stock’s promising performance stands in sharp contrast to the less fortunate fates of other Chinese companies that have been affected by government clampdowns.
Shares of Chinese artificial intelligence company SenseTime Group have climbed as much as 150% since it debuted on the Hong Kong Stock Exchange (SEHK) in late December, lifting market confidence despite recent government clampdowns on other Chinese companies.
Nevertheless, market participants still remain cautious on the Hong Kong IPO market in general, given its lag in returns when compared to the world’s major stock markets.
“Given the poor performance of so many HK IPOs in t…
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