Kuaishou to raise $5.4b from HK public offering By FAN FEIFEI | China Daily | Updated: 2021-01-27 09:04 Share CLOSE A passenger checks out a Kuaishou poster at a subway station in Beijing on Jan 10. [Provided to China Daily] Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology. Kuaishou has priced its IPO on the Hong Kong stock exchange, and will issue 365.2 million shares each priced between HK$105 and HK$115, according to a prospectus released by the company.