Kuaishou to Give Asian IPOs Best Start to a Year Since 2010
- Offering will push region’s IPO proceeds to almost $10 billion
- Investor demand for new stock offerings stays high in 2021
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The world’s biggest internet initial public offering since Uber Technologies Inc. is set to make this the best start to a year for stock listings in Asia since 2010.
Kuaishou Technology’s Hong Kong IPO of as much as $5.4 billion will push the amount raised through first-time share sales in the region in 2021 to $9.93 billion, the most for a January month in 11 years, data compiled by Bloomberg show. Almost $11 billion was raised in January 2010.