IPO

Logo
IPO Date 03/02/2021

Trade Kuaishou

Kuaishou
OVERVIEW
change
Daily Change Shows you the daily price variation for this asset
Low
High
Traders Trends Showing current clients' buy and sell positions
Sold
Bought
SELL
Spread per unit
Premium Sell
Initial Margin
BUY
Leverage
Premium Buy
Maintenance

Create your account

and start trading

Open Live Account

General info on Kuaishou

About the company

  • Name
    Kuaishou Technology
  • Industry
    Internet
  • Employees
    1001-5000
  • Founding year
    2011
  • Ticker
    1024

Filing Information

  • IPO file date
    January 2021
  • No. of shares
    365,000,000
  • Price range
    $13.55 - $14.84
  • Exchange
    Hong Kong
  • Bookrunners
    Bank of America, Morgan Stanley, China Renaissance
Open account

IPO Details

About Kuaishou

Kuaishou, owned by Kuaishou Technology, is a social platform that allows users to create short clips, live content, and share moments with the world. With the main office in Beijing, the App was designed for the Chinese audience – just like main competitor TikTok - but quickly gained global popularity. 

IPO figures

When it announced its decision to go public, Kuaishou was aiming to raise roughly $5 billion. 

The company appointed Bank of America, Morgan Stanley, and China Renaissance as underwriters. It was set to raise as much as $6.3 billion in its Hong Kong Stock Exchange IPO, scheduled for February 5th.

Kuaishou initially priced its shares at $13.55 - $14.84, a target which would have valued the company at $61.7 billion. But at the opening, the price was $43.60/share. It closed the Hong Kong session at $38.70.

According to the Financial Times, Kuaishou aimed for $5.4 billion, but the actual figures came higher at $5.32 billion.

 

Valuation 

Forbes estimated Kuaishou’s market cap to be $18 billion.

 

What you need to know

  • Founded in 2011 by Su Hua and Cheng Yiaxiao, both former engineers for Google and Baidu
  • Kuaishou was on Google Play and Apple App Store’s “Most Downloaded” list in eight countries
  • Grew in popularity in India, getting known as the Snack Video App

 

Sources: reuters.com, cnbc.com, finance.yahoo.com

Summary

  • Ticker
    1024
  • Price range
    $13.55 - $14.84
  • Exchange
    Hong Kong
  • Bookrunners
    Bank of America, Morgan Stanley, China Renaissance
Create Account

Key elements

Find out the most essential numbers for Kuaishou IPO

Users/day in China

305 million

Monthly users in China

769 million

Average daily time/user

86 minutes+

Video & Live Streaming

2.34 trillion+

Trade
Kuaishou

Open account

A closer look at Kuaishou Technology IPO
Learn why traders are always eager to trade IPOs

Logo
  • Status: Available
  • IPO Date: 03/02/2021
  • Price: $13.55 - $14.84

Past IPOs

Browse details of other companies that already went public

Highly Anticipated IPOs of the year

Stay in touch with the most expected IPOs of the year

Lineage

  • Status: Available
  • IPO Date: Est. 25/07/24
  • Price: Est at $70 - $82
Lineage Logo

Lineage

Warehousing & Supply Chain Logistics

View IPO report

  • Status: Available
  • IPO Date: Est. 25/07/24
  • Price: Est at $70 - $82

IPOs are important trading events you shouldn’t miss

Learn how to trade IPOs and build a complete strategy with our tools & user-friendly trading platforms.

Trading Platforms Image

ClickTrades WebTrader

  • Charting options to suit all trading strategies
  • Various layout choices
  • Streaming live quotes for instant decision-making
  • Trading Central
  • Modern and easy-to-use interface
  • Risk management tools
  • Extensive range of analysis tools
  • Key statistics available for all trading instruments

MetaTrader 5

  • Intuitive and user-friendly trading platform
  • Diverse execution modes and orders types available
  • 2000+ free custom indicators
  • Multiple timeframes options
  • Multi-window views and watchlist
  • Up to 10 charts at the same time
  • Lightning-fast trade execution speed
  • Highly customizable tools
Open account