ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber
(Bloomberg) — Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, is seeking to raise as much as $5.4 billion in the world’s biggest internet initial public offering since Uber Technologies Inc.
The short video startup, backed by Tencent Holdings Ltd., is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News. The company will start taking investor orders from Monday through Jan. 29 and is…
