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Kuaishou Technology Class B ( (HK:1024) ) has shared an update.
Kuaishou Technology plans an international offering of U.S. dollar- and renminbi-denominated senior notes to professional and institutional investors outside the United States and without any public offering in Hong Kong, the U.S. or other restricted jurisdictions. The size, pricing and terms of the notes will be determined via bookbuilding led by a syndicate of global and Chinese banks, with separate but non-inter-conditional tranches for USD and CNY notes, and the company intends to list the debt on the Hong Kong Stock Exchange and use the proceeds mainly for general corporate purposes, signaling a move to diversify its funding sources and strengthen its capital structure without immediate equity dilution for existing shareholders.
The most recent analyst rating on (HK:1024) stock is a Buy with a HK$91.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.
More about Kuaishou Technology Class B
Kuaishou Technology is a Cayman Islands-incorporated company controlled through weighted voting rights and listed in Hong Kong, best known for its short-video and live-streaming platforms serving users and advertisers in China and overseas digital media markets.
Average Trading Volume: 32,789,109
Technical Sentiment Signal: Buy
Current Market Cap: HK$326.1B
See more insights into 1024 stock on TipRanks’ Stock Analysis page.