ByteDance Rival Kuaishou Mulls $5 Billion Hong Kong IPO
- Tencent-backed firm could seek listing as soon as next year
- Kuaishou considered U.S. IPO, Bloomberg reported last year
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Chinese startup Kuaishou, backed by Tencent Holdings Ltd., is considering a Hong Kong initial public offering which could raise as much as $5 billion, according to people familiar with the matter.
The company is working with advisers on the share sale, which could happen as soon as early next year, said the people, who asked not to be named as the information is private. Details of the offering including size and timeline could still change as deliberations are at an early stage, the people said.