SenseTime Group

Masayoshi Son holds 17.25% of a vehicle set up under SoftBank's Vision Fund 2 for its unlisted holdings, as well as 17.25% of a unit within its Latin America fund

The Massachusetts Institute of Technology alum's wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3% above its initial public offering price

Sources said an official announcement would be made to the Hong Kong Stock Exchange shortly

SenseTime's addition to the US blacklist would prohibit US-based investors from buying its shares

SenseTime, which is expected to price its Hong Kong initial public offering on same day, will be added to a list of 'Chinese military-industrial companies' in which Americans are banned from investing

Backed by Qualcomm Inc., it underscores its status as one of a crop of homegrown firms spearheading Beijing's ambition to become the leader in AI by 2030