Kuaishou shares to rise 194% in Hong Kong market debut By Reuters

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© Reuters. FILE PHOTO: Illustration image of Kuaishou video streaming app on mobile phone

HONG KONG (Reuters) – Shares in Chinese online video platform Kuaishou Technology will rise 194% to HK $ 338 ($ 43.60) in its Hong Kong Stock Exchange debut on Friday after the company raised $ 5.4 billion in its initial public offering (IPO). The company’s shares were priced at 115 Hong Kong dollars each, the top of its trading range.

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