Kuaishou's blockbuster IPO indicators greater activity in the Asian markets

Kuaishou Technology’s eye-popping debut in Hong Kong on Friday carrying out a mega $5.4 billion initial general public offering has dispatched a solid signal to other listing prospects sitting on the sidelines -- that this is a wonderful time to go community.

The operator of China’s most popular short-video service after ByteDance's Douyin saw its shares almost triple on the debut on Friday, boosting its valuation to $179bn. That sets Kuaishou’s value near to that previous sought by TikTok owner, and much bigger rival, ByteDance.

The startup’s debut marks a magnificent rise for the Chinese company from the 2020 price of $28.6bn ascribed to it by PitchBook.

Kuaishou’s IPO features buoyed the full total from first-time show sales in Asia in January to $13.3bn, the best for the first month of the entire year in the region on the subject of record, according to data compiled by Bloomberg. It comes as listings globally have also had a record-breaking commence to the year thanks to a surge in SPAC listings, equities hitting refreshing highs and hordes of retail traders flocking to market segments.

Apart from setting a great inviting precedent for ByteDance to have Douyin and other property people to capitalise on booming investor demand for short-video corporations, Kuaishou’s debut as well paves just how for various other listing hopefuls. Issuers, specifically in the sizzling tech space, will likely want to take benefit of the existing welcoming market screen to float in the city.

A good spate of US-traded Chinese companies listed are also set to keep the trend of secondary listings in Hong Kong. Chinese internet search engine huge Baidu is among those focusing on a share sales in the Asian financial hub that could increase at least $3.5bn, Bloomberg Media has reported. Video service Bilibili, another Kuaishou rival, and Tencent Music Entertainment Group happen to be also mulling a second listing in the town.

Other prospects for a Hong Kong listing sometime this year include JD.com’s logistics product, which is seeking to raise about $5bn in a good Hong Kong IPO, Bloomberg Media reported last year.

Elsewhere in your community, the maker of Chang beer Thai Beverage said early on Friday it planned to list its brewery unit in the Singapore stock market, kicking off what may be the biggest IPO in the city-state in ten years.