Chinese mainland artificial intelligence company SenseTime Group aims to raise about HK$5.985 billion ($767.7 million) in its initial public offering in Hong Kong, financial media outlet Caixin reported.

The company plans to sell 1.5 billion primary shares within a price range of HK$3.85 to HK$3.99 per share each, the term sheet Caixin obtained said.

SenseTime had no comment on the deal's launch.