SenseTime Group

SenseTime IPO Initiation: Big Brother

Equity Capital Markets
233 Views, 05 Dec 2021 20:46
EXECUTIVE SUMMARY
  • SenseTime Group (1475539D HK) is the largest AI software company in Asia as measured by revenue in 2020. It is set to launch an HKEx IPO to raise US$770 million.  
  • The fundamentals are mixed as high growth is accompanied by high customer concentration, an uncertain path to profitability, cash burn and moral concerns around “ethnic profiling software”. 
  • Overall, we believe the negatives outweigh the positives and we would give the IPO a pass. 
detail (8-minute read)
WHAT’S TRENDING
logo
Logo
Top 5%
Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start... 

x