Tencent-backed online video firm Kuaishou aims to raise up to $5.4b in Hong Kong IPO
REUTERS/Bobby Yip Premium
Chinese online video company Kuaishou Technology is aiming to raise $4.95-5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters.
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HONG KONG: Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that.
3 Min Read
HONG KONG (Reuters) - Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters.
FILE PHOTO: Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. REUTERS/Florence Lo/Illustration
The online video site, backed by Tencent Holdings Ltd, will price 365.2 million shares at between HK$105 and $HK115 apiece, the term sheet shows.
Kuaishou did not immediately respond to a request for comment.
A deal of at least $5 billion would be a strong start for Hong Kong's capital markets in 2021 and would be the largest IPO since Budweiser Brewing Company raised $5.75 billion in September 2019.