Chinese video app Kuaishou Hong Kong IPO could raise over $5 billion

A Kuaishou app interface on a mobile phone, Yichang, Hubei province, China, Jan 20, 2021. Kuaishou is gearing up for an initial public offering (IPO) in Hong Kong. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Chinese short video app Kuaishou has priced its Hong Kong initial public offering (IPO) as it looks to raise funds to take on rivals such as Douyin, the Chinese version of TiKTok. Kuaishou said it would issue 365,218,600 shares each priced between $105.00 Hong Kong dollars to $115.00 Hong Kong dollars. At the top end of the range, the company could raise…