Economic Information Agency (6th correspondent) Kuaishou (01024) is currently up 2.92%, trading at HK$30.36, with approximately 10.62 million shares traded, involving HK$320 million.
According to Bloomberg, citing sources familiar with the matter, Keli AI, a subsidiary of Kuaishou, has already selected underwriting banks and is preparing for an initial public offering in Hong Kong, expecting the IPO to raise at least US$1 billion. The report indicates that Kuaishou is working with CICC, Goldman Sachs, and UBS to advance the potential stock issuance, aiming to complete the listing as early as next year. The report adds that discussions are still ongoing, and details such as the fundraising amount and listing timeline may still change.
In July this year, Keli AI completed a US$2.8 billion funding round, with investors including tech giants Alibaba (09988), Tencent (00700), and Baidu (09888); after completion of this funding round, Keli AI's pre-investment valuation was approximately US$15 billion.
Currently, the Hang Seng Index stands at 24,228, up 188 points or 0.78%, with main board turnover of HK$42.862 billion. The Hang Seng China Enterprises Index is at 8,117, up 66 points or 0.82%. The Hang Seng Tech Index is at 4,217, up 33 points or 0.80%. (hc)
According to Bloomberg, citing sources familiar with the matter, Keli AI, a subsidiary of Kuaishou, has already selected underwriting banks and is preparing for an initial public offering in Hong Kong, expecting the IPO to raise at least US$1 billion. The report indicates that Kuaishou is working with CICC, Goldman Sachs, and UBS to advance the potential stock issuance, aiming to complete the listing as early as next year. The report adds that discussions are still ongoing, and details such as the fundraising amount and listing timeline may still change.
In July this year, Keli AI completed a US$2.8 billion funding round, with investors including tech giants Alibaba (09988), Tencent (00700), and Baidu (09888); after completion of this funding round, Keli AI's pre-investment valuation was approximately US$15 billion.
Currently, the Hang Seng Index stands at 24,228, up 188 points or 0.78%, with main board turnover of HK$42.862 billion. The Hang Seng China Enterprises Index is at 8,117, up 66 points or 0.82%. The Hang Seng Tech Index is at 4,217, up 33 points or 0.80%. (hc)
