Sovereign Wealth Funds Tune in to Kuaishou Technology

Posted on 01/25/2021

Chinese short-video platform Kuaishou Technology’s US$ 5.4 billion initial public offering locked in to 10 cornerstone investors. The 10 companies will put in a combined US$ 2.45 billion, according to the term sheet. U.S.-based institutional investors have agreed to invest US$ 1.39 billion. Los Angeles-based Capital Group is the biggest cornerstone investor with US$ 500 […]

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