News Snapshot:
TikTok rival Kuaishou Launches IPO in Hong Kong January 25, 2021 06:33 PM AEDT Team Kalkine Linkedin Summary Kuaishou Technology, which specialises in video editing and live-streaming software, is seeking a stock market floatation worth $5.4 billion through an IPO. The tech company is eyeing a market capitalisation of around $60.9 billion. Big Institutional investors, including Capital Group, BlackRock Inc., Boyu Capital, and others have agreed to buy a combined stock worth $2.45 billion. The year 2021 will have IPO raining across the global markets. The fresh offerings were held back by companies in 2020 due to pandemic and uncertainties...
