Chinese Video IPO Goes Viral With Investors – WSJ

The startup behind a TikTok-style video app rocketed in its Hong Kong market debut, making the latest demonstration of investor hunger for initial public offerings and for high-growth technology companies.

Shares in Kuaishou Technology nearly tripled from their IPO price in early trading Friday, implying a market value of more than $160 billion, versus nearly $61 billion when the share sale was priced.

https://www.wsj.com/articles/chinese-video-ipo-goes-viral-with-investors-11612435062