China-based short video and live streaming app Kuaishou has raised HKD42b (approximately USD5.4b) in its IPO on the HKEX. Underwriters fully exercised the overallotment option, bringing the total capital raised to HKD48.2b (approximately USD6.2b). Ten cornerstone investors including GIC, Temasek, the Abu Dhabi Investment Authority, CPP Investments, Boyu Capital, BlackRock, and Fidelity committed USD2.45b. Read more