Kuaishou Know-how, operator of China’s second-largest brief video-sharing app, gave traders loads to cheer about earlier this yr when it launched probably the most sought-after preliminary public providing within the annals of Hong Kong’s inventory market – drawing subscriptions of 1,204 occasions what was on provide.Those that managed to get shares on the provide worth of HK$115 obtained a windfall when the inventory began buying and selling at HK$338 on February 5, providing subscribers a return of 190 per cent on their…
Source link
How Kuaishou, Hong Kong’s hottest IPO in 2021, became a cautionary tale of overexuberance in Chinese tech stocks
