Kuaishou
HONG KONG: Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd’s Douyin, is seeking to raise as much as US$5.4bil in the world’s biggest Internet initial public offering (IPO) since Uber Technologies Inc.
The short video startup, backed by Tencent Holdings Ltd, is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News. The company will start taking investor orders through Jan 29 and is slated to list on Feb 5 in Hong Kong.
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