China's Kuaishou aims to raise up to $5.42 bln in Hong Kong IPO term sheet


Source: sharenet.co.za sharenet.co.za

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China's Kuaishou aims to raise up to $5.42 bln in Hong Kong IPO - term sheet (Adds detail on deal) By Scott Murdoch HONG KONG, Jan 25 (Reuters) - Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters. The online video site, backed by Tencent Holdings Ltd , will price 365.2 million shares at between HK$105 and $HK115 apiece, the term sheet shows. Kuaishou did not immediately...