Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images
Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images
IPO

Kuaishou shares jump 161 per cent in debut as Hong Kong’s hottest IPO paves way for offerings from rival video-sharing app owners

  • Kuaishou’s shares began trading at HK$338 per share and rose by as much as 200 per cent to HK$345 versus its IPO price of HK$115
  • The stock closed at HK$300 on Friday, valuing the 10-year-old unprofitable company at HK$1.23 trillion (US$159 billion)

Topic |   IPO
Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images
Kuaishou headquarters is pictured on November 5, 2020 in Beijing. Photo: Getty Images
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