The company, whose name means "fast hand" in Chinese, plans to issue about 365 million shares priced between 105 and 115 Hong Kong dollars ($13.55 and $14.84). At the top of that range, it would raise 42 billion Hong Kong dollars, or $5.4 billion. Uber UBER That puts Kuaishou on track to become the largest IPO since Saudi Aramco shattered records with a nearly $30 billion raise in December 2019, according to data provider Refinitiv. It would also be the world's largest tech IPO sinceraised more than $8 billion in May 2019 , according to Refinitiv data. Live-streaming transactions accounted for 84% of revenue in 2019, according to a prospectus filed to the Hong Kong Stock Exchange .

Source: CNN January 25, 2021 09:44 UTC