Kuaishou's blockbuster IPO signals greater activity in the Asian markets


Source: thenationalnews.com thenationalnews.com

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Kuaishou Technology’s eye-popping debut in Hong Kong on Friday following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings -- that this is a great time to go public. The operator of China’s most popular short-video service after ByteDance's Douyin saw its shares almost triple on their debut on Friday, boosting its valuation to $179bn. That puts Kuaishou’s value close to that last sought by TikTok owner, and much bigger rival, ByteDance. Read More Kuaishou stock surges 194% in biggest tech IPO since Uber Video streaming company Kuaishou valued...