Tencent-backed video sharing app Kuaishou kicks off Hong Kong IPO targeting US$5 billion

Kuaishou Technology, the short-video platform backed by Tencent, will offer its shares at a maximum price of HK$93 each, as it aims to raise up to HK$38.6 billion (US$5 billion) in Hong Kong’s biggest initial public offering for 14 months.The upcoming …

Kuaishou Technology, the short-video platform backed by Tencent, will offer its shares at a maximum price of HK$93 each, as it aims to raise up to HK$38.6 billion (US$5 billion) in Hong Kong’s biggest initial public offering for 14 months.The upcoming sale could value Beijing-based Kuaishou at above US$50 billion, bigger than its competitor Bilibili’s US$44 billion capitalisation and iQiyi at US$16.6 billion. It would be Hong Kong’s second-largest flotation, after Alibaba Group Holding’s US$13…

This post was originally published on South China Morning Post.


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Georgina Lee | radiofree.asia (2024-05-03T04:13:30+00:00) » Tencent-backed video sharing app Kuaishou kicks off Hong Kong IPO targeting US$5 billion. Retrieved from https://radiofree.asia/2021/01/21/tencent-backed-video-sharing-app-kuaishou-kicks-off-hong-kong-ipo-targeting-us5-billion/.
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" » Tencent-backed video sharing app Kuaishou kicks off Hong Kong IPO targeting US$5 billion." Georgina Lee | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/21/tencent-backed-video-sharing-app-kuaishou-kicks-off-hong-kong-ipo-targeting-us5-billion/. [Accessed: 2024-05-03T04:13:30+00:00]
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» Tencent-backed video sharing app Kuaishou kicks off Hong Kong IPO targeting US$5 billion | Georgina Lee | radiofree.asia | https://radiofree.asia/2021/01/21/tencent-backed-video-sharing-app-kuaishou-kicks-off-hong-kong-ipo-targeting-us5-billion/ | 2024-05-03T04:13:30+00:00
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