Kuaishou stock soars 160% in world’s biggest IPO since 2019
Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. Shares closed at 300 Hong Kong dollars ($38.70) apiece, marking a 161% jump over the 115 Hong Kong dollars ($14.80) the firm issued them at. It raised a total of 41.28 billion Hong Kong
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