Tencent-Backed Start-Up, Kuaishou Technology, Preps For World's Biggest Tech IPO Since Uber; to raise as much as $5.4 billion in Hong Kong
The company will start taking investor orders from Monday through January 29 Kuaishou Technology, the main rival to ByteDance in China, is seeking to raise as much as $5.4 billion in Hong Kong in what would be the world's biggest internet initial public offering since Uber Technologies Inc. The short video startup, backed by Tencent Holdings, 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 from Monday through January 29 and is slated to list on February 5. Kuaishou is attempting th...
Source: ndtv.com