Jan 29, 2021 5:43AM EST. China's Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it. .. A Kuaishou app interface on a mobile phone, Yichang, Hubei province, China, Jan 20, 2021. Kuaishou is gearing up for an initial public offering (IPO) in Hong Kong Kuaishou's IPO proved a major hit with both institutional and retail investors, with the latter putting in orders worth $165 billion, a record for the city. (Adds an analyst comment
February 1st, 2021, 5:11 PM PST. Short video startup Kuaishou Technology is the latest hit with Hong Kong investors matching the frenzy seen for the Ant IPO before it was halted. Institutional and.. TikTok rival Kuaishou hits $160bn valuation as shares surge after IPO. Shares in Kuaishou nearly tripled on their first day of trading in Hong Kong, propelling the valuation of the Chinese viral.
Short video app Kuaishou, also known as Kwai outside of China, is planning an initial public offering (IPO) in the US in 2020, in a bid to raise fresh capital and compete with its competitor ByteDance, Bloomberg reported today, citing multiple sources. In the pre-IPO round, the eight-year-old firm is collecting over USD 1 billion with a targeted valuation at USD 25 billion, one person familiar. Tencent-backed Kuaishou Technology's IPO which aims to raise US$5.4 billion looks poised to set a record as the most oversubscribed deal ever in Hong Kong, after receiving orders from retail. The IPO will value Kuaishou at between $55.6 billion and $60 billion, pre greenshoe, the term sheet showed. If the extra shares are sold it would take the market capitalisation to $56.3 billion to.. Kuaishou's bankers close order book two days early as investors scramble for US$5.4 billion IPO by Tencent-backed video-app operator. Kuaishou's Hong Kong public offering attracts pledges from.
If it succeeds, it will have pulled off the world's biggest internet IPO since the beginning of the COVID-19 pandemic. In its IPO filing, Kuaishou Technology said that it had established licensing agreements with several music labels and developed measures to address copyright infringement complaints regarding videos on its platform The forthcoming IPO makes Kuaishou the first short-video platform to enter the public market. It will be an important litmus test to see the extent investors appreciate the short video phenomenon, and sets the scene for Bilibili's secondary listing in Hong Kong, as well as a potential Douyin IPO, Michael Norris, a Shanghai-based analyst at consultancy AgencyChina told Caixin China video giant Kuaishou files for an IPO in Hong Kong just days after regulators halted the largest share listing of all time
That puts Kuaishou on track to become the largest IPO since Saudi Aramco shattered records with a nearly $30 billion raise in December 2019, according to data provider Refinitiv. It would also be. According to people familiar with the matter, the pre-IPO valuation of Kuaishou, one of China's leading short-video start-ups, has reached $25 billion.If the company manages to live up to the investors' expectations after its IPO that is planned for the next year, its market cap could surpass that of the three major Chinese streaming platforms HUYA, Inke, and Douyu, all of which have. (CNN) — Kuaishou's stock skyrocketed in value Friday as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. Shares closed at 300 Hong Kong dollars ($38. HK$115: Price per Kuaishou share sold to investors in the IPO, at the top of a marketed rangeHK$250: Price per Kuaishou share in so-called gray-market trading by institutional investors, Bloomberg News has reported365.2 million: shares sold to investors, prior to the issuing of over-allotment shares$5.4 billion: raised in IPO$60.9 billion: market value of the company implied by IPO priceFour. Kuaishou Technology, the operator of China's most popular short-video service after ByteDance Ltd.'s Douyin, jumped 161% in its Hong Kong debut after a $5.4 billion initial public offering.
Kuaishou raised 41.28 billion Hong Kong dollars ($5.32 billion) in its IPO and jumped almost 200% in its debut on Feb. 5. It continued to rise, closing the past week at 398 Hong Kong Dollars. Kuaishou plans to price on Jan. 29 and start trading shares on Feb. 5.Ten primary investors are backing the IPO including BlackRock, Temasek Holdings, Fidelity International, and Capital Group. Kuaishou's IPO proved a major hit with both institutional and retail investors, with the latter putting in orders worth $165 billion, a record for the city. Subscribe to Mid-day email alert. We deliver news to your inbox daily. Featured Videos. 04 Feb | 07:30am. Morning Call, Featured Kuaishou Technology's share price is at its lowest since the company's IPO, and this is due to both the valuation de-rating of technology stocks and news of its competitor's IPO
Bytedance-konkurrenten Kuaishou ska ta in så mycket som 5,4 miljarder dollar i IPO - BN Bytedances stora konkurrent Kuaishou Technology, som även är uppbackad av Tencent, Det framgår av dokument som Bloomberg News tagit del av. Totalt ska 365 miljoner aktier säljas till priset om 105-115 hongkongdollar,. Started in 2011 as a GIF-maker app, Kuaishou became TikTok's rival in the Chinese short video streaming industry. The app now blends e-commerce, livestreaming, short-form video, and gaming distribution and is preparing for an IPO on Friday with hopes to raise $5.4 billion at a HK$115 price Source: Kuaishou IPO Prospectus & iReseach As Kuaishou rapidly grows its userbase and content creators, it can eventually monetize on more aspects and verticals. Their Daily Active Users (DAUs) spent on average 85 minutes on the app and accessing the app more than 10 times a day With a minimum deal size of $4.95 billion, the IPO would be the largest in the world since late 2019, when state-controlled Saudi Arabian Oil Co., commonly known as Aramco, raised $29.4 billion. Hong Kong IPO fever is not over, yet. Kuaishou, the biggest rivalry of TikTok, is looking to raise US$5.4bn in Hong Kong IPO this week. Because of the failure of Alibaba's ANT IPO which was valued at US$313 billion, Kuaishou's IPO is going to be the world's biggest internet IPO since Uber's $8.1 billion U.S. share sale in May 2019..
Kuaishou's stock skyrocketed in value as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. CNN's Selina Wang reports Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a. The 161% first-day gain gives Kuaishou the second-best debut ever for an IPO over $1 billion in the world, data compiled by Bloomberg show. It joins an already long list of floats that have popped.
Kuaishou's Soaring IPO Signals How ByteDance Offering Could Trade. By . That makes Kuaishou almost as valuable as Qualcomm, whose market capitalization is $167 billion. And it suggests ByteDance could be worth nearly $600 billion, based on ByteDance's revenue last year Kuaishou stock soars after IPO Kuaishou's stock skyrocketed in value as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. CNN's Selina Wang reports. 3 months ago. BIAS DISTRIBUTION. L 100%. Share Bias Report. ALL ARTICLES. ALL Left Center Right Mumbai: Last month, Kuaishou listed on Hong Kong's stock exchange at a valuation of $160 billion—nearly as much as larger rival TikTok's worth. By way of comparison, the IPO makes Chinese short-video app almost as valuable as Qualcomm, a storied chipmaker and holder of foundational wireless technology patents, whose market capitalisation is $167 billion
Kuaishou's IPO and Stock Price Inflation: The latest example is Kuaishou, the Chinese company that, like TikTok, runs an app displaying short videos. As The Information reported earlier today, Kuaishou stock nearly tripled on its first day of trading in Hong Kong on Friday Chinese online short-video company Kuaishou Technology is planning to price its Hong Kong shares at not more than HK$93 apiece, with a minimum investment of HK$4,696 per 50 shares, local media. Last Friday, Kuaishou Technology started trading in Hong Kong after the biggest initial share sale for an internet company since Uber Technologies Inc in 2019.HONG KONG/TOKYO (Feb 9): In 2014, as their video app Kuaishou began to take off, Su Hua and his co-founders started looking for money to expand. They quickly got a proposal from Ruby Lu, a venture investor who had spotted them earlier as. The valuation of Kuaishou could more than double after its Hong Kong IPO. A top-end pricing will value the Chinese firm at US$60.9 billion, up from the US$28.6 billion it achieved in a funding.
Kuaishou IPO valuation lights up India's short-video space 01 Mar, 2021, 05.01 AM IST Indian short-video apps—from Sharechat's Moj to MXPlayer's MX TakaTak—see the blockbuster Kuaishou IPO as underscoring the massive potential that the sector has, and a curtain raiser for more Kuaishou's listing also represents the second-largest IPO at the Hong Kong Stock Exchange in the last two years following Alibaba in November 2019. On the first day of trading, Kuaishou's stocks almost tripled, increasing 193% from the price of HK$115 ($14.83) to HK$338 ($43.60)
Kuaishou's IPO proved a major hit with both institutional and retail investors, with the latter putting in orders worth $165bn, a record for the city. Bloomberg Chinese video-sharing platform Kuaishou Technology, a rival to TikTok parent ByteDance, has started testing investor appetite for Hong Kong's largest IPO in over two years as it seeks HK$42bn ($5. Retail buyers flood China's Kuaishou HK IPO with $162 billion offered By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG (R) - China's Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three people with knowledge of the matter said
Kuaishou Reports Jump in Revenue, E-Commerce Growth in First Results Report Since Mega IPO Categories: Industry Kelsey Cheng Posted on March 24, 2021 March 24, 2021 Kuaishou's average daily active users for the year of 2020 reached 264.6 million Kuaishou's raises $5.4 billion in IPO, secures 10 New Year Gala sponsorships We previously mentioned how Kuaishou was preparing for a $5 billion IPO . It turns out the numbers were pretty close to reality, as the popular short-form video app managed to raise $5.4 billion for its Hong Kong Stock Exchange IPO, making it one of the biggest IPOs on HKEX so far
Chinese video-sharing app Kuaishou has asked all employees to work on every other Sunday starting Jan. 10, according to media reports. Why it matters: The changes came as Beijing-based Kuaishou prepares for a Hong Kong listing as soon as January.The company is under tremendous pressure as it struggles to compete with rivals such as Douyin, the domestic version of TikTok, and Bilibili in the. Kuaishou's offering, which could raise as much as $6.23 billion if underwriters exercise an overallotment option, is shaping up to be the largest IPO in Hong Kong since mobile infrastructure. Data source: Kuaishou IPO filing. We don't know exactly how much Bytedance earns in revenue or its growth rate, but likely, Bytedance earns higher revenues in proportion to its higher DAUs and. Chinese online video company Kuaishou Technology on Tuesday said it was looking to raise as much as HK$42 billion ($5.42 billion) in an initial public offering (IPO). The online video site said it.
Short-video app Kuaishou has filed for an IPO in Hong Kong. The filing does not include a fundraising target, but in September, R reported that the company aimed to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January, citing people with knowledge of the matter.. Kuaishou is probably China's second most popular short-video app after. Kuaishou's IPO would be another Chinese tech firm coup for the Hong Kong stock exchange Fast forward: China short-video app Kuaishou surges in jumbo IPO. Kuaishou's initial public offering worth $5.4bn was the world's biggest tech share sale since Uber went public in 2019
Chinese short-video platform Kuaishou Technology intends to offer 365.2 million shares for its Hong Kong Public Offering and raise up to $5.42 billion, according to a report by The Paper citing a. Kuaishou completes blockbuster IPO China's Kuaishou Technology (HK: 1024 ), which operates the most popular short-video service in China after ByteDance Ltd.'s Douyin, soared 194% in its $5.4. Kuaishou's successful strategy of billing itself as a platform for ordinary users is going to make its founders extraordinarily rich. Kuaishou IPO showcases a video app for non-billionaires — Quart If Kuaishou raises $6.2 billion, it will beat the most recent largest IPO in Hong Kong, which was Budweiser Brewing Company's $5.75 billion IPO in September 2019. Above that, China Tower Corp.
Kuaishou received overwhelming demand from investors, with the retail trench over 1200 times oversubscribed. The stock traded at above HK$ 310 in the grey market, up more than 170% from the IPO. China Market Update: Bytedance's China Rival Kuaishou Files For Hong Kong IPO, Week In Review. Brendan Ahern. Senior Contributor. Opinions expressed by Forbes Contributors are their own Kuaishou plans to launch its Hong Kong IPO between Jan. 4 to Jan. 8 and has received multiple subscriptions in the secondary market (Source: Lieyunwang.com) The Tencent-backed company is seeking to raise up to $5 billion from the public sale, R reported earlier