What’s new: SenseTime Group Inc., China’s largest artificial intelligence (AI) startup by revenue, plans to raise about HK$5.78 billion ($742.7 million) in its Hong Kong IPO on Friday, the company said in an exchange filing on Wednesday.

According to its prospectus, SenseTime had aimed to sell the 1.5 billion shares on offer for between HK$3.85 and HK$3.99 each. Its final offering price is at the very bottom of that range.

What’s the background: The news comes about two weeks after SenseTime decided to postpone its IPO plan after it ended up on a U.S. government blacklist that bars American investors from buying or selling its shares.