Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

[ Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a record as the most oversubscribed deal ever in Hong Kong attracting retail investors’ demand totalling HK$1.28 trillion (US$164.8 billion), … Read more