Kuaishou Seeks $5.4 Billion in Biggest Tech IPO Since Uber

bloomberg2021-01-25

Kuaishou Technology, the main rival toByteDance Ltd.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 sinceUber ...

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Comments

Moneyface
2021-01-25
Moneyface
Nice news
Zhenxuan
2021-01-25
Zhenxuan
Good
- 社区成长助手:
  终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引
Yulong
2021-01-25
Yulong
.
jyip93
2021-01-25
jyip93
Nice

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The company will start taking investor orders from Monday through Jan. 29 and is slated to list on Feb. 5.\nKuaishou is attempting the world’s biggest internet IPO since Uber’s $8.1 billion U.S. share sale in May 2019, according to data compiled by Bloomberg. The Chinese startup’s IPO will also give another boost to Hong Kong’s already-hot capital market and could become Asia’s largest since Budweiser Brewing Co. APAC Ltd.’s $5.8 billion float almost two years ago.\nKuaishou, which means “fast hand” in Chinese, is one of China’s biggest internet success stories of the past decade, part of a generation of startups that thrived with backing from Tencent. Along with TikTok parent ByteDance, the outfit co-created by Su Hua in 2013 pioneered the live streaming and bite-sized video format that’s since been adopted around the world by the likes of Facebook Inc. 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Even at the low-end of range, Kuaishou will still be valued at $55.6 billion.\nByteDance has long been a rumored IPO candidate but was bogged down last year in fighting a U.S. ban on TikTok after the video service was labeled anational securitythreat. The social media giant was in discussions to raise $2 billion before listing some of its businesses in Hong Kong, Bloomberg Newsreportedin November.\nWhat's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.\nKuaishou had about 262 million average daily active users as of September, according to itsprospectus. That’s still less than half the 600 million on Douyin, the Chinese version of TikTok. That said, Kuaishou’s revenues climbed 49% to 40.7 billion yuan ($6.3 billion) in the first nine months of last year, after it ratcheted up monetization efforts through advertising and e-commerce. While it offers free access to its main platform, the startup takes a cut of the tips users give to their favorite live-streamers who perform viral challenges, lip-sync to the latest pop songs and play video games.\nTencent has about a 21.6% stake in Kuaishou, and other backers include venture capital firms DCM, DST Global and Sequoia Capital China, the prospectus shows. Shares in Tencent jumped as much as 6.4% to an all-time high in early Monday trading in Hong Kong.\nMorgan Stanley, Bank of America Corp. and China Renaissance Holdings Ltd. are joint sponsors of the deal.\n— With assistance by Dominic Lau, and Zheping Huang","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":319600867,"gmtCreate":1611573253859,"gmtModify":1704860851668,"author":{"id":"3568731733246034","authorId":"3568731733246034","name":"Moneyface","avatar":"https://static.tigerbbs.com/bd761fe3d55bd38bd86fe04152134899","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568731733246034","authorIdStr":"3568731733246034"},"htmlText":"Nice news","listText":"Nice news","text":"Nice news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319600867","repostId":1132874390,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":319178395,"gmtCreate":1611561441517,"gmtModify":1704860712393,"author":{"id":"3556753348546489","authorId":"3556753348546489","name":"Zhenxuan","avatar":"https://static.tigerbbs.com/519e78baf909c7db7ed39d09858b0dc3","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3556753348546489","authorIdStr":"3556753348546489"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319178395","repostId":1132874390,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3382070,"gmtCreate":1611561962432,"gmtModify":1680774056493,"authorId":3527667803686145,"author":{"id":3527667803686145,"idStr":"3527667803686145","authorId":3527667803686145,"name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":319178395,"type":1,"supId":0,"prevId":0,"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看<a href=\"https://laohu8.com/TW/934879903\">老虎社区创作指引</a>"}],"langContent":"EN"},{"id":319152669,"gmtCreate":1611557772551,"gmtModify":1704860688818,"author":{"id":"3570523077688677","authorId":"3570523077688677","name":"Yulong","avatar":"https://static.tigerbbs.com/04a56446f4f2cc3fd839f9ff89a88358","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570523077688677","authorIdStr":"3570523077688677"},"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319152669","repostId":1132874390,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":319126402,"gmtCreate":1611555627706,"gmtModify":1704860674548,"author":{"id":"3568615780432279","authorId":"3568615780432279","name":"jyip93","avatar":"https://static.tigerbbs.com/40bc8cd94658e02bab26b5fb8d25b2da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568615780432279","authorIdStr":"3568615780432279"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319126402","repostId":1132874390,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132874390"}