“Kuaishou” Tik Tok’s rival in china is set to raise $ 6.3 billion from its initial public offering on the Hong Kong Stock Exchange.

It is estimated that the initial public offering (IPO) will value the company at $ 61.7 billion and may be the largest initial public offering for a technology company since Uber Technologies launched in 2019.

The share price of the company backed by “Tencent” is expected to range between $ 13.55 to $ 14.84.