Hong Kong investors pile into Kuaishou's $5.4bn IPO plan


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Kuaishou Technology, backed by Tencent Holdings, is China's second-most popular short-video app, after ByteDance's Douyin. © AP NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent January 29, 2021 15:06 JST | Hong Kong Copy Copied HONG KONG -- Chinese short-video platform Kuaishou Technology expects to price its initial public offering of up to $5.4 billion at the top end of the marketed range, after heavy demand for what is shaping up to be the biggest such market debut in Hong Kong in two years. The Tencent Holdings-backed company is set to price the shares at HK$115 apiece, two people...