The Chinese video company Kuaishou Technology is looking to raise between $4.95 billion and $5.42 billion in the largest initial public offering in Hong Kong in over a year.
A total of 365.2 million shares will be offered at a price ranging from HKD 105 (USD 13.55) to HKD 115 (USD 14.84) per share. There is also a Greenshoe option to sell an additional 54.78 million shares within 30 days after listing, which could bring the total amount raised to between USD 5.7 billion and USD 6.2 billion. The company's market value reached USD 30 billion after raising USD 3 billion from investors in late 2019.
