Shares of Kuaishou jumped 161% in its Hong Kong debut, valuing the company at $159B, after the main rival of ByteDance in China raised $5.4B in an IPO
Hello and welcome to Pipeline! This week: how to open up venture investing … Arjun Kharpal / CNBC : Tiktok rival Kuaishou surges 160% in $5.3 billion Hong Kong debut Pdraig Belton / Light Reading : Kuaishou debut shows Hong Kong IPOs are still on fire John K. Kumi / coinspeaker.com : Kuaishou Makes Debut with 200% Price Surge in Biggest Tech IPO since Uber Timmy Shen / caixinglobal.com : Kuaishou Shares Almost Triple in Hong Kong Debut Tech Xplore : Chinese TikTok rival Kuaishou nearly triples on Hong Kong debut Reuters : Kuaishou shares set to rise 194% in Hong Kong market debut Doris Yu / Tech in Asia : ByteDance rival Kuaishou's shares see up to 200% surge in Hong Kong debut Lucas Niewenhuis / SupChina : Kuaishou reaches $159 billion valuation after largest tech IPO since Uber South China Morning Post : Kuaishou shares jump 161 per cent in debut as Hong Kong's hottest IPO paves way for offerings from rival video-sharing app owners Tweets: Linda Mottram / @lindamottram : Remarkable .. Clubhouse enabling freewheeling mainland Chinese, Hong Kong and Taiwanese discussion. https://asia.nikkei.com/... Bill Gurley / @bgurley : Massive win for banker's trading clients cut in on “free money” windfall. Turns out that if you ignore demand (celebrating over subscription) you can under-price deals on any exchange in any country. Congrats to Capital Group, BlackRock & Fidelity on win. https://www.cnbc.com/... Zheping Huang / @pingroma : Kuaishou's shares nearly tripled in the biggest tech IPO since Uber. The rise confers on the short-video app a price tag rivaling ByteDance — which last sought funds at a $180 billion valuation https://www.bloomberg.com/... via @business