Chinese artificial intelligence firm SenseTime has decided to withdraw its Hong Kong initial public offering and update its application with the aim of relaunching the IPO later, according to a person with knowledge of the matter. The move comes after the U.S. government added the company to an investment blacklist. SenseTime, which develops facial recognition software and other tools, plans...
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What do Good Eggs, a startup that delivers $4.99 broccoli bunches, and Tonal, a fitness startup that sells $3,995 exercise equipment, have in common—other than a business model subsidized by venture capital? They’re both engaged in a painful type of financing known as a “cram down.” If you grew up in the era of easy money, ultralow interest rates and 100 times multiples, it’s possible you’...
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