China's short video platform Kuaishou's HK IPO could value firm at about $60b

China's short video platform Kuaishou's HK IPO could value firm at about $60b

Source: Chris Liverani/Unsplash

Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering (IPO) next Monday to raise at least $5 billion in a deal that could value the company at about $60 billion, according to two sources with direct knowledge of the matter.