Kuaishou’s Hong Kong IPO: Cannonball Coming!

Tencent-backed Kuaishou’s Friday Hong Kong IPO is reportedly now 1,204x oversubscribed by retail investors. Shares are up +142% in pre-IPO trading. Kuaishou will issue 362mm shares at an offering price of HK$115. There is chatter that JD.com (JD US) will spin off its delivery arm JD Logistics…

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