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Article: Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion

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Kuaishou Technology has received approval from Hong Kong's stock exchange for an IPO aiming to raise $5-6 billion, which would be the city's largest in over a year. The Tencent-backed company, a major video-sharing app with 300 million daily users, plans to finalize pricing in late January and begin trading before the Lunar New Year.

The offering highlights the significant size of the deal, which surpasses recent major listings and presents investors with the challenge of evaluating the company's path to profitability despite its large user base. Furthermore, this IPO is seen as potentially paving the way for listings by other Chinese video-streaming competitors.

The main topics covered are Kuaishou's approved IPO, its financial scale and timing, its position in the market, and investor considerations regarding its profitability.

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https://www.scmp.com/business/banking-finance/article/3117828/tencent-backed-video-sharing-app-kuaishou-wins-green-light?utm_source=rss_feed

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Innovation - South China Morning Post

Published Date

2021-01-15 02:22

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2026-03-04 14:32

Processed Date

2026-03-04 15:10

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Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion
- With a user base of 300 million daily live-streaming users, Beijing-based Kuaishou is the world’s second-largest video-sharing app
- IPO could set the stage for listings by competitors Bilibili, Douyin and iQiyi
Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5 billion to US$6 billion, potentially the city’s largest IPO in over a year, a person familiar with the matter said on Friday.
The company, in which Tencent Holdings, China’s largest games publisher, owns a 21.6 per cent stake, was cleared by the listing committee of the Hong Kong stock exchange on Thursday night. The nine-year-old company can now launch its premarketing road show before final pricing on January 28 or 29. Its shares are expected to start trading before the Lunar New Year holiday, which starts on February 12, several people familiar with the matter have said.
Its initial public offering (IPO) will surpass the US$3.9 billion raised by JD.com’s secondary listing last June, and will be second only to the US$13 billion secondary listing in November 2019 by Alibaba Group Holding, which owns the South China Morning Post.
The IPO’s size also presents investors with a challenge, as they must weigh the cost of acquiring new users against Kuaishou’s path to profitability. Some analysts have also raised concerns about how it could turn its broad user base into profits.