HK IPO market gathers steam with Kuaishou leading the way

Hong Kong_adobe_12May_575
By Jonathan Breen
18 Jan 2021

Kuaishou Technology, a video-sharing and social media platform, has begun drumming up interest among investors for a multi-billion-dollar Hong Kong IPO.

The Beijing-based company counts internet giant Tencent Holdings among its largest shareholders and is a rival to ByteDance, parent of Chinese video-sharing app TikTok.

Bank of America, China Renaissance and Morgan Stanley are leading the pre-marketing for Kuaishou’s deal. The listing is expected to raise more than $5bn ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial