TikTok rival Kuaishou aims to raise R5bn in Hong Kong IPO
The nine-year-old Chinese company is making plans for a blockbuster IPO as early as January, insiders say
17 September 2020 - 17:36
Hong Kong — Chinese online short video start-up Kuaishou aims to raise up to $5bn in a Hong Kong initial public offering (IPO) as early as January, people with direct knowledge of the matter said, gearing up for the city's latest multibillion-dollar tech float.
The nine-year-old company, backed by social media and gaming leader Tencent, is targeting a valuation of more than $50bn, the people said, requesting anonymity due to confidentiality constraints...
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