Chinese artificial intelligence firm SenseTime raised $712 million in its Hong Kong initial public offering after pricing shares at about 49 cents, the company announced Wednesday. The IPO price was at the low end of its expected price range, which had a maximum price of 51 cents per share. The shares are expected to be publicly listed beginning Thursday at 9:00 a.m. Hong Kong time, or 8:00...
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The La La Land Life of Venture Capitalist Brianne Kimmel
Hi, welcome to your Weekend! It’s peak out-of-office message season in Silicon Valley, and not just because of the Fourth of July weekend. Tech layoffs are popping off everywhere. Venture dealflow has slowed to a crawl. The economic headwinds are fierce and giving certain people super bad feelings. Plus, after two-plus years of pandemic-driven insanity, the people of tech may...
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