Tencent Holdings Ltd. is selling a 7.5% stake in short-video app Kuaishou Technology, aiming to raise up to $1.55 billion. The Chinese tech giant is offering approximately 273 million shares via a block trade at HK$43.15 to HK$44.53 each. This price represents a 3.2% to 6.2% discount to Kuaishou's closing price on July 6, 2026.
Tencent stake sale
- ▪Kuaishou Technology is described as a short-video app operator
- ▪The sale involves approximately 273 million shares, representing a 7.5% stake in Kuaishou Technology
- ▪Tencent Holdings Ltd. is seeking to raise as much as $1.55 billion by selling a portion of its stake in Kuaishou Technology
Block trade terms
- ▪Tencent's sale of its Kuaishou Technology stake is being conducted through a block trade
- ▪The shares in the block trade are being offered at a price of HK$43.15 to HK$44.53 each
Kuaishou share pricing
- ▪The discount on Kuaishou Technology shares is relative to the company's closing price on July 6, 2026
- ▪The offering price for Kuaishou Technology shares represents a discount of 3.2% to 6.2%
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