News Snapshot:
HONG KONG: Chinese online video company Kuaishou Technology is aiming to raise US$4.95 billion to US$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, will price 365.2 million shares at between HK$105 and HK$115 apiece, the term sheet shows. Kuaishou did not immediately respond to a request for comment. There is a so-called greenshoe option to sell a further 54.78 million shares in the 30 days after listing that could take the...
