Date 05.02.2021 Number of pictures 5 We're KrASIA, a digital media company reporting on the most promising technology-driven businesses and trends in the world's emerging markets. Read more at The Business Times. Find information for the HKEX's news, market data, stock quotes, market data, listing matter, products information and … CROWDFUNDING platform Siam Validus, a joint venture between Validus and SCG Distribution, is the first foreign fintech firm to be granted a debenture crowdfunding licence by the Securities and Exchange Commission of Thailand (SEC). In Hong Kong’s gray market trading yesterday, it more than tripled to break through HKD400 a share. It was the biggest IPO for an internet firm in nearly two years. Whether it becomes a favourite of fashion and beauty brands or international audiences in the model of arch-rival TikTok is another matter altogether. Kuaishou shares closed at HK$300, valuing the company at HK$1.23 trillion ($159 billion), versus HK$115 apiece in the $5.4 billion IPO. Kuaishou, China's second largest livestream e-commerce platform, is set to raise $5.4 billion in its Friday debut. ByteDance rival Kuaishou has locked in several big institutional investors for its IPO, which could happen Monday in Hong Kong, according to Bloomberg. The valuation of Kuaishou could more than double after its Hong Kong IPO. A top-end pricing will value the Chinese firm at $60.9 billion, up from the $28.6 billion it … Kuaishou is a newly minted stock market darling, having tripled its share price on its first day of trading in Hong Kong last Friday. ... initial public offering. Article content. Kuaishou’s initial public offering was 1,200 times oversubscribed as 1.4 million investors tried to subscribe to 11 billion shares, figures that set new records for a Hong Kong share sale, the Beijing-based company said yesterday. Welcome to Hong Kong Exchanges and Clearing Market Website. They opened at HK$338 and hit HK$345 earlier. “As the accumulated IPO loan applications for Kuaishou Technology have exceeded our original quota of HK$150 billion ($19.35 billion), HSBC is allocating extra funding for this IPO,” a spokeswoman for HSBC said. HONG KONG — China’s Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three people with knowledge of the matter said. The IPO … What exactly is Kuaishou — and why are investors so excited? The lawsuit comes as Tencent-backed short video platform Kuaishou Technology has sought to raise as much as $5.4 billion in the world's biggest internet IPO at the Hong Kong stock exchange this week. Kuaishou is selling 9.1 million shares to retail investors in the IPO which represents 2.5% of the total deal. As the first short-video platform going public in Hong Kong, Kuaishou is expected to raise about 41.28 billion Hong Kong dollars through its initial public offering (IPO), the highest since November 2019 when Alibaba's secondary listing topped 100 billion Hong Kong dollars. Kuaishou is attempting the world's biggest internet IPO since Uber's US$8.1 billion US share sale in May 2019, according to data compiled by Bloomberg. Proceeds from the IPO, the biggest since Uber's $8.1 billion issue in May 2019, will go to boosting diversity in the company's content offerings, strengthening its research and development and tech capabilities, as well as to acquisitions, Kuaishou said. HONG KONG (Feb 5): Shares in online video platform Kuaishou Technology tripled on their Hong Kong stock market debut on Friday, driven by massive demand from mom-and-pop investors amid a global retail trading frenzy.The shares of the Chinese firm, backed by Tencent Holdings, opened at HK$338 ($43.60) and rose to HK$345, versus the HK$115 apiece they fetched in the IPO.