How Kuaishou, Hong Kong’s hottest IPO in 2021, became a cautionary tale of overexuberance in Chinese tech stocks

Source: Tech – South China Morning PostKuaishou Technology, operator of China’s second-largest short video-sharing app, gave investors plenty to cheer about earlier this year when it launched the most sought-after initial public offering in the annals of Hong Kong’s stock market – drawing subscriptions of 1,204 times what was on offer.Those who managed to get shares at the offer price of HK$115 received a windfall when the stock started trading at HK$338 on February 5, offering subscribers a return of 190 per cent on their…Read More

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