Chinese short video app Kuaishou said it would issue 365,218,600 shares each priced between $105.00 Hong Kong dollars to $115.00 Hong Kong dollars for its IPO.
The funding is another sign that China's electric car market is heating up with Evergrande posing a potential challenge to Tesla, Nio and Xpeng Motors.
Investors are taking note of the success enjoyed by Sutter Hill Ventures, a longstanding firm that has gone big on incubating start-ups and growing them fast.
Amazon could be looking at antitrust reform, stronger privacy standards and a new push for workers' rights, among other issues, under the new administration.
As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California, experts say the state needs to find ways to reverse the trend.
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