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IPO

Kuaishou sets record as Hong Kong investors pile into $5.4bn IPO

Video platform share price set to be at top of range for offer next week

HONG KONG -- Chinese short-video platform Kuaishou Technology has set records for retail interest in a Hong Kong initial public offering, receiving more than 1.4 million applications from individual investors to take part.

Kuaishou plans to price its IPO of up to $5.4 billion next week at the top end of the marketed range next week, in what is shaping up to be the biggest such market debut in Hong Kong in two years.

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