Stock Track | Kuaishou Shares Soar as Major Investor Offloads Stake-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Stock Track | Kuaishou Shares Soar as Major Investor Offloads Stake

Stock Track09-19

Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in the company.

Venture capital firm DCM is seeking to offload 91.66 million shares in Kuaishou, worth up to $479 million, according to a term sheet seen by Reuters. The offer price range is set between HK$40.28 and HK$41.14 per share, with Morgan Stanley acting as the sole bookrunner for the share sale.

The move by DCM to sell such a large stake in Kuaishou is seen as a vote of confidence in the company's future prospects and growth potential. Major shareholders typically offload shares when they believe the stock is undervalued and expect strong demand from investors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1115031646?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-19 17:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1115031646","market":"us","top_or_hot":-1,"title":"Stock Track | Kuaishou Shares Soar as Major Investor Offloads Stake","media":"Stock Track","content":"<p>Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in the company.</p>\n\n<p>Venture capital firm DCM is seeking to offload 91.66 million shares in Kuaishou, worth up to $479 million, according to a term sheet seen by Reuters. The offer price range is set between HK$40.28 and HK$41.14 per share, with Morgan Stanley acting as the sole bookrunner for the share sale.</p>\n\n<p>The move by DCM to sell such a large stake in Kuaishou is seen as a vote of confidence in the company's future prospects and growth potential. Major shareholders typically offload shares when they believe the stock is undervalued and expect strong demand from investors.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Kuaishou Shares Soar as Major Investor Offloads Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Kuaishou Shares Soar as Major Investor Offloads Stake\n</h2>\n\n<h4 class=\"meta\">\n\n2024-09-19 17:26 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01024","symbol_name":"快手-W","start_time":0,"source_url":"","article_id":"1115031646","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115031646","pubTimestamp":1726737999,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in the company.Venture capital firm DCM is seeking to offload 91.66 million shares in Kuaishou, worth up to $479 million, according to a term sheet seen by Reuters. The offer price range is set between HK$40.28 and HK$41.14 per share, with Morgan Stanley acting as the sole bookrunner for the share sale.T","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01024":"快手-W"},"translate_title":"股票赛道快手股价飙升，主要投资者抛售股份","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01024":1},"content_text":"Shares of Chinese online video company Kuaishou Technology surged more than 6.7% on Wednesday, driven by strong investor demand as a major shareholder announced plans to sell a significant stake in the company.\nVenture capital firm DCM is seeking to offload 91.66 million shares in Kuaishou, worth up to $479 million, according to a term sheet seen by Reuters. The offer price range is set between HK$40.28 and HK$41.14 per share, with Morgan Stanley acting as the sole bookrunner for the share sale.\nThe move by DCM to sell such a large stake in Kuaishou is seen as a vote of confidence in the company's future prospects and growth potential. Major shareholders typically offload shares when they believe the stock is undervalued and expect strong demand from investors.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}