China's Kuaishou aims to raise up to $5.42 bln in Hong Kong IPO
Reuters2021-01-25
HONG KONG, Jan 25 (Reuters) - Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering $(IPO.UK)$ that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters.
The online video site, backed by Tencent Holdings Ltd
, will price 365.2 million shares at between HK$105 and $HK115 apiece, the term sheet shows.
Kuaishou did not immediately respond to a request for comment.
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