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Chinese TikTok rival Kuaishou could raise over $5 billion in Hong Kong IPO


Chinese TikTok rival Kuaishou could raise over $5 billion in Hong Kong IPO
CNBC
1/26/2021
Arjun Kharpal
Chinese short video app Kuaishou said it would issue 365,218,600 shares each priced between $105.00 Hong Kong dollars to $115.00 Hong Kong dollars for its initial public offering.
At the top end of the range, the company could raise around $42 billion Hong Kong dollars ($5.42 billion).
Shares will begin trading on Feb. 5 in Hong Kong.
© Provided by CNBC
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.
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. ....

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