Today’s blockbusting Hong Kong IPO by Kuaishou saw market cap of the Chinese viral video app reach US$159bn as shares closed at HK$300, increasing the value of Temasek’s initial investment in the TikTok rival by 5.7 times within 14 months, according to Global SWF estimates.The Singaporean state-owned investor participated in...
Today’s blockbusting Hong Kong IPO by Kuaishou saw market cap of the Chinese viral video app reach US$159bn as shares closed at HK$300, increasing the value of Temasek’s initial investment in the TikTok rival by 5.7 times within 14 months, according to Global SWF estimates.The Singaporean state-owned investor participated in...