Shares in the Chinese short video app Kuaishou almost tripled on their Hong Kong debut on Friday, surging to HK$338 ($43.60) upon opening, from an IPO price of HK$115 ($14.80). The stock later slipped from those highs but still ended the day over 160 percent higher, closing at HK$300 ($38.60) a share. The tech company raised HK$41.28 billion ($5.32 billion) from the initial public offering (IPO), which was the biggest for an internet firm since 2019. In the documents tendered to the Hong Kong stock exchange, Kuaishou said it aimed to be “the most customer-obsessed company in the world.” Also on rt.com
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