Kuaishou launches jumbo $5.4bn Hong Kong IPO

By Jonathan Breen
25 Jan 2021

Chinese video-sharing platform Kuaishou Technology, a rival to TikTok parent ByteDance, has started testing investor appetite for Hong Kong's largest IPO in over two years as it seeks HK$42bn ($5.42bn).

Kuaishou, which counts internet giant Tencent Holdings among its pre-IPO backers, is floating 365.2m primary shares, equal to 8.9% of its enlarged share capital, according to a source familiar with matter.

Sponsors Bank of America, China Renaissance and Morgan Stanley began taking orders for the deal on Monday ...

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