Latham & Watkins and Clifford Chance have the lead roles on Chinese short video streaming site Kuaishou Technology’s $5.4 billion initial public offering on the Hong Kong Stock Exchange.
Beijing-based Kuaishou is China’s second largest short video site after TikTok. The listing is the largest internet IPO in the world since Uber Technologies Inc.’s $8.1 billion listing on the New York Stock Exchange in 2019. In a prospectus, the company said it will use the proceeds to improve user experience and grow user base.
