kuaishou stock ipo

China's Kuaishou Technology is eyeing a valuation of up to $62 billion in its Hong ... Bytedance casts shadow over rival Kuaishou's IPO. The company’s stock gained as much as 194% on Friday after it raised circa $5.4bn at its IPO. 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. ... Should Investors Buy CCIV Stock … CNN's Selina Wang reports. On its debut, Kuaishou’s share price nearly tripled, with its market cap hitting $160bn. An external representative for Kuaishou declined to comment. Shares closed at … Early trading on Friday morning saw their price nearly triple, in… As The Information reported earlier today, Kuaishou stock nearly tripled on its first day of trading in Hong Kong on Friday. That would see the company raise between $4.95 billion and $5.42 billion. That catapults its market cap to nearly HK$1.4 trillion ($180 billion). Tencent-backed Kuaishou’s Friday Hong Kong IPO is reportedly now 1,204x oversubscribed by retail investors. Demand for Kuaishou’s shares looks set to top the scramble to buy stock in Chinese beverage giant Nongfu Spring, whose US$1.1 billion IPO last … Kuaishou’s shares opened in Hong Kong on Friday at HK$338 ($43.6) apiece, a 194% jump from its IPO price of HK$115 ($14.8). To buy stock once the company goes public, US investors will need an international brokerage account. Kuaishou's livestreaming platform is part Twitch, part QVC, and has more daily active users than Twitter and Snapchat. How big was Kuaishou's IPO? In a so-called gray market, investors can bid for new shares before they officially start trading on a stock exchange. Kuaishou IPO … In a so-called gray market, investors can bid for new shares before they officially start trading on a stock exchange. The negative news about its copyright dispute arrived at a time when Kuaishou Technology, the company behind the app, was gearing up to raise as much as $5.4 billion in its upcoming initial public offering in the Hong Kong stock exchange on February 5. Kuaishou has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission. The Chinese startup’s IPO will also give another boost to Hong Kong’s already-hot capital market and could become Asia’s largest since Budweiser Brewing Co. APAC Ltd.’s $5.8 billion float almost two years ago. If Kuaishou succeeds, it will have pulled off one of the largest IPOs in recent years. Shares are up +142% in pre-IPO trading. What we know about the Kuaishou IPO. Update on 29/1/2021: Kuaishou’s retail tranche was more than 1,200 times oversubscribed, it is even more than the demand for beverage giant Nongfu Spring’s IPO. Kuaishou is attempting the world’s biggest internet IPO since Uber’s $8.1 billion U.S. share sale in May 2019, according to data compiled by Bloomberg. We'll update this page with information as it becomes available. Kuaishou plans to sell more than 365 million shares in its IPO, which has a suggested pricing range of $13.54–$14.83. Shares closed at Shares closed at 300 Hong Kong dollars ($38.70) apiece, marking a 161% jump over the 115 Hong Kong dollars ($14.80) the firm issued them at. Shares of Kuaishou Technology, China’s second-most popular short-form video app behind TikTok owner ByteDance, rocketed nearly 300 percent Friday in their debut on the Hong Kong stock exchange. Kuaishou raised 41.28 billion Hong Kong dollars ($5.32 billion) from the initial public offering (IPO) after pricing its shares at 115 Hong Kong dollars each. 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 stock skyrocketed in value Friday as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. In November, Kuaishou filed an application for its Hong Kong IPO, and preliminary listing documents showed that the app had an average of 302 million daily active users in the first six months of 2020. Kuaishou plans to set aside almost US$2.5 billion of stock in its forthcoming IPO for about 10 cornerstone investors, according to people familiar with the plan The stock is expected to start trading on the HKEX (under code 1024 HK) on 5 February. Find the latest KUAISHOU-W (1024.HK) stock quote, history, news and other vital information to help you with your stock trading and investing. Kuaishou's stock more than doubled in value Friday as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. That was 2.6 times its IPO price of HK$115. That rally gave Kuaishou a market capitalization of $160 billion, a rich number for a company that doesn’t make money and had revenue of just $6.3 billion in … Hong Kong (CNN Business)Kuaishou's stock skyrocketed in value Friday as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. The forthcoming IPO makes Kuaishou the first short-video platform to enter the public market. The … If Kuaishou’s shares rise as much on Friday it would be the third-best debut for an IPO over $1 billion in Hong Kong on record, data compiled by Bloomberg show. Kuaishou's stock skyrocketed in value as the TikTok-like video app scored the world's biggest IPO since the coronavirus pandemic began. Kuaishou raised 41.28 billion Hong Kong dollars ($5.32 billion) in its IPO and jumped almost 200% in its debut on Feb. 5. Shares of Chinese social video company Kuaishou made a stratospheric start in their post-IPO debut on the Hong Kong Stock Exchange. On Friday, Kuaishou’s stock closed at 300 Hong Kong dollars a share, the equivalent of US$38.70. “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. Kuaishou is expected to go public. The company could raise just over $6 billion at a $60 billion valuation. We look at what investors need to know and what the next big China tech IPO could be. (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. Active users spent an average of more than 85 minutes each day on its main app. Kuaishou's Hong Kong stock exchange trading debut is slated for Feb. 5.

Kailua Beach Map, How To See Old Instagram Usernames 2020, Jokes About Gasoline, Antenatal And Postnatal Care Slideshare, Ucla Music Assistantship, Kate Gbbo Season 7, Politie Opleiding Antwerpen, Spry Family Place House, Somerset Recycling Centres, Most Painful Injuries Reddit,