Chinese short video platform Kuaishou filed a prospectus with the Hong Kong Stock Exchange on November 5 with the intention of listing in Hong Kong.
As of September 30, 2020, 4,551 Kuaishou employees had subscribed for 524 million Class B shares under the Kuaishou Employee Share Ownership Plan, holding 115,000 shares per person.
Based on the per-share valuation of the 2020 financing in the prospectus, Kuaishou's per-share valuation is approximately US$5.7-6.8, which means that the average Kuaishou employee shareholding is worth approximately RMB4.14 million to RMB4.94 million.
Kuaishou, formerly known as "GIF Kuaishou," was born in March 2011 as a mobile app for creating and sharing GIF images.
In November 2012, Kuaishou transformed from a pure tool application to a short video community, a platform for users to record and share their production and life.
With the proliferation of smartphones and the falling cost of mobile traffic, Kuaishou hit a turning point for a major explosion after 2015.
TikTok's Chinese rival Kuaishou files for Hong Kong IPO with over 300 million daily active users
