HONG KONG -- Kuaishou Technology soared as much as 200% on its stock market debut on Friday as it recorded the biggest opening-day gain ever for a large Hong Kong IPO.
The jump made the Chinese short-video app operator the fifth-most valuable company on the Hong Kong Stock Exchange, well ahead of traditional blue chips such as Industrial & Commercial Bank of China and PetroChina, with a market capitalization of 1.23 trillion Hong Kong dollars ($158.66 billion).
