The Tencent and Baidu-backed short-form video platform developer priced an offering valuing it at about $61bn at the top of its range.
Kuaishou Technology, the China-based online video streaming platform developer backed by internet groups Tencent and Baidu, has priced its initial public offering at $5.4bn, Reuters reported today.
The company is floating on the Hong Kong Stock Exchange, issuing approximately 365 million shares priced at HK$115 ($14.83) each, at the top of the IPO’s $105 to $115 range. The price valued Kuaishou at $60.9bn and it will list on February 5.
The offering was massively oversubscribed, attracting $162bn of offers, roughly…
