What bubble? HK retail investors seek $66.6 billion in loans for Chinese online video IPO, Companies & Markets

Source: straitstimes.com straitstimes.com

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HONG KONG (REUTERS) - Hong Kong's mom-and-pop investors have amassed over US$50 billion (S$66.6 billion) in margin financing to buy shares in the initial public offering (IPO) of China's Kuaishou Technology, defying concerns about a pullback in global markets fuelled by a retail buying frenzy. Online video site Kuaishou, which aims to raise up to US$5.4 billion in the city's largest float in more than a year, is set to price shares at the top of the HK$105-HK$115 marketing range on Friday (Jan 29), according to two sources with direct knowledge of the matter. Demand for margin loans from HSBC...