SenseTime Plunge Raises Stakes for Slew of China Lockup Lifts

SenseTime Group Inc.’s share price collapse after a lock-up period expired has heaped pressure on other Chinese companies that face similar situations this month.

More than 260 billion yuan ($39 billion) of restricted shares from 76 companies listed on the Star board in Shanghai — home to China’s new-economy listings — are scheduled to be free for sale this month, according to China International Capital Corp. The value could “hit a peak” for the year in July, analysts including Qiusuo Li wrote in a recent note.