Kuaishou Technology’s eye-popping debut in Hong Kong on Friday following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings -- that this is a great time to go public.
The operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin saw its shares almost triple on their debut on Friday, boosting its valuation to $159 billion. That puts Kuaishou’s value close to that last sought by TikTok owner, and much bigger rival, ByteDance.
