Start-up supported by Tencent, Kuaishou Technology, Getting ready for the world’s biggest Tech IPO from Uber; to raise up to $ 5.4 billion in Hong Kong


Source: bollyinside.com bollyinside.com

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Web Desk 2021-01-25 The company will begin taking orders from investors Monday through January 29 Kuaishou TechnologyByteDance’s main rival in China, is seeking to raise up to $ 5.4 billion in Hong Kong in what would be the world’s largest IPO since Uber Technologies Inc. The short video start-up, backed by Tencent Holdings, sells 365 million shares at HK $ 105 to HK $ 115 each, under the terms of the deal obtained by Bloomberg. News. The company will begin taking orders from investors Monday through January 29 and is expected to be listed on February 5. Kuaishou is attempting...