Tencent Mobility, a subsidiary of Tencent Holdings, is arranging a secondary sale of Kuaishou Technology Class B shares that could raise up to about $1.55 billion, according to a term sheet cited in reporting.
The planned placement comprises roughly 273 million Class B shares in Kuaishou priced at HK$43.15 to HK$44.53 each. At those price levels the package is valued at approximately HK$1.50 billion to HK$1.55 billion, and represents a discount of roughly 3.2% to 6.2% versus Kuaishou’s last closing price of HK$46.00 on Monday.
The transaction is structured as a fully secondary sale, meaning Kuaishou itself will not receive any proceeds. Instead, the cash raised would go to Tencent Mobility as the selling shareholder.
Timetable details in the term sheet indicate the deal is expected to be priced today, with trading slated to begin on Tuesday and settlement to occur on Thursday.
Kuaishou operates one of China’s principal short-video and livestreaming platforms, according to the company’s website.
Context and mechanics
The arrangement is limited to the disposition of existing shares held by Tencent Mobility rather than a fresh issuance by Kuaishou. The price band places the sale modestly below the most recent market close, and the schedule provided sets a near-term timeline for pricing, trading and settlement.
What is clear
- The number of Class B shares offered is around 273 million.
- The proposed offer price sits between HK$43.15 and HK$44.53 per share.
- The sale is entirely secondary; Kuaishou will not receive funds from the transaction.
- The transaction is expected to price today, trade on Tuesday and settle on Thursday.
Note: Details above reflect the information contained in the term sheet cited in reporting. No additional claims or outside context have been added.