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Please reference the case study entitled 'SENSETIME GLOBAL IPO: STRATEGIC REACTION TO AMERICAN ATTACK', to effectively answer the following question. ( Please humanize the answer
Please reference the case study entitled 'SENSETIME GLOBAL IPO: STRATEGIC REACTION TO AMERICAN ATTACK', to effectively answer the following question. Please humanize the answer as much as possible
The IPO was based and priced in Hong Kong, but only per cent of the shares to be issued in the IPO were in the Hong Kong offering. The other per cent were in the international offering. The bankers arranging the IPO had planned to place the international offerings shares with nonHong Kong investors; those investors were dominated by US regulations, US dollars, and institutional investors closely linked with the United States Under the IPO agreements, the designation preventing US citizens from investing in SenseTime was a force majeure that would release the companys financial backers from their IPO commitments. What was SenseTime to do
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