Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

[ad_1]


Tencent-backed Kuaishou Technology’s IPO which aims to raise US$5.4 billion looks poised to set a record as the most oversubscribed deal ever in Hong Kong, after receiving orders from retail investors totalling HK$1.28 trillion (US$164.8 billion), according to preliminary data provided by people familiar with the transaction.Kuaishou’s public offering in Hong Kong ended at noon Friday, and the final subscription results will be announced on February 4, one day before its debut on the main board…

[ad_2]

Source link