Tencent-backed Kuaishou jumps three-fold in HK debut after $5.4 billion IPO


FILE PHOTO: Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. REUTERS/Florence Lo/Illustration/File Photo

HONG KONG (Reuters) - Kuaishou Technology surged three-fold in its Hong Kong stock market debut on Friday to become the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator.

The first-day pop, while among the largest, is one of many strong recent debuts in the Asian financial hub - an encouraging sign for others looking to tap into the market while also adding to global concerns about an asset bubble and risks retail investors are taking.

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