Share news said that Kuaishou submitted an application for listing in Hong Kong as early as next week
Earlier on October 22, there were media reports that Kuaishou had decided to go public in Hong Kong, with a valuation of about US$50 billion, and had already identified Bank of America and Morgan Stanley as sponsors. Regarding the time to go public, the goal of the Kuaishou company's listing team is to be listed in the first quarter of 2021, but the specific timetable is not yet clear. And Kuaishou related personnel have been working overtime to prepare listing materials.
As early as the end of last year, there were rumors that Kuaishou was preparing to go public and looking for investment banks in the market. At that time, it had hoped to go public in the United States. However, in the first half of this year, its listing progress was stalled for a while, and it was not reported by the media that its plan to go public in Hong Kong was restarted until the middle of this year.