The current valuation of Kuaishou is more than Rs 13 lakh crore.
The second largest IPO in the world was launched on the Hong Kong Stock Exchange of Quishou Technology on Monday. The company has brought this IPO to raise $ 5.4 billion i.e. about 40,000 crore rupees.
- January 25, 2021, 6:31 PM IST
This IPO of Quishou is the world’s largest IPO after Uber Technology Inc. Uber has brought the world’s largest IPO so far, which raised $ 8.1 billion, or about 59,000 crore rupees in May 2019.
Kuaishou Technology will be listed on the Hong Kong Stock Exchange on February 5, 2021. Let us tell you that the short video app Kwai of Tuacent company-invested Kuaishou Technology gives a tough competition to TikTok (TikTok) in China and it is the second most popular short video app in China.
Kuaishou Technology has issued 36.5 crore equity shares for this IPO. For this public issue, the company has fixed the issue price of the stock between $ 105 i.e. Rs 7660 to $ 115 or Rs 8390. This IPO has opened for investors today and investors will be able to subscribe to the shares in this IPO till January 29. The company’s journey is included in China’s biggest internet success stories
The IPO of the company is expected to get a further boost to the Hong Kong Stock Exchange, which is already at a record high. Kuaishou which means fast hand. Its journey is one of the biggest Internet success stories in China. After its launch in 2011, it made live streaming and short videos famous worldwide, which was later adopted by global apps like Facebook. The valuation of the company is currently more than 180 billion dollars i.e. 13.13 lakh crore rupees. The company has more than 35 crore active users.