Kuaishou Technology is looking to raise $5.4 billion at most by selling 365 million of their shares at HK$105 and HK$115 each share. The company is a startup for short videos on the internet and is backed by Tencent Holdings Inc.
This is currently the world’s biggest internet IPO offering after Uber Technologies Inc. The company plans to list in Hong Kong on February 5. They will start taking orders from the investors on Jan 29.
This IPO is expected to uplift the capital market in Hong Kong. The offering has attracted investors like The Capital Group, GIC Pte, Abu Dhabi Investment Authority, Tamasek Holdings Pte and BlackRock Inc.