SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Kuaishou shares set to rise 194% in Hong Kong market debut

Kuaishou shares set to rise 194% in Hong Kong market debut

· 02/04/2021 20:20
Kuaishou shares set to rise 194% in Hong Kong market debut

- Shares in Chinese online video platform Kuaishou Technology 1024.HK are set to rise 194% to HK$338 ($43.60) in their Hong Kong stock market debut on Friday after the company raised $5.4 billion in its initial public offering (IPO).

The company's shares were priced at HK$115 apiece, the top of its marketing range. nL1N2K40MB

($1 = 7.7525 Hong Kong dollars)


(Reporting by Donny Kwok and Alun John; Editing by Jacqueline Wong)

((Alun.John@thomsonreuters.com; +852-28415827;))