ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

TikTok rival Kuaishou takes market cap crown among new IPOs

Chinese names take nine of top 10 spots in Asia, with Coupang sole exception

TOKYO/PALO ALTO, U.S. -- Chinese viral video platform Kuaishou Technology ranks as the most valuable company that listed in the past year, with a market capitalization of roughly $110 billion despite a 30% drop since its initial public offering, Nikkei research shows.

That makes Kuaishou more valuable than Airbnb, which leads newly listed U.S. and European companies at around $92 billion. Data warehousing provider Snowflake, online game platform Roblox and food delivery service DoorDash also trail the TikTok rival.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more