China's Kuaishou aims to raise up to $5.42 bln in Hong Kong IPO - term sheet
25/01/2021 24:25
HONG KONG, Jan 25 (Reuters) - Chinese online video company
Kuaishou Technology 1024.HK is aiming to raise $4.95 billion
to $5.42 billion in an initial public offering (IPO) that will
be the largest in Hong Kong for more than a year, according to a
term sheet reviewed by Reuters.
The online video site, backed by Tencent Holdings Ltd
0700.HK , will price 365.2 million shares at between HK$105 and
$HK115 apiece, the term sheet shows.
Kuaishou did not immediately respond to a request for
comment.
(Reporting by Scott Murdoch; Editing by Kenneth Maxwell)
((Scott.Murdoch@thomsonreuters.com;))