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Kuaishou Technology, the world’s second-largest short-video platform, plans to raise as much as US$5.4 billion (HK$41.9 billion) in what will be Hong Kong’s biggest initial public offering in more than a year.
The Tencent Holdings-backed company is marketing 365 million shares to investors in a price range between HK$105 and HK$115 a share, which could raise as much as US$5.4 billion if an additional greenshoe option is not exercised, according to a term sheet seen by South China Morning Post…
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