BEIJING, January 25 (TMTPOST)— China’s popular short video sharing app Kuaishou is set to sell 365.2 million Hong Kong shares and list on the Hong Kong Stock Exchange on February 5 under the stock code 1024, according a filing kuaishou disclosed on Monday. Based on the offering price range between HK$105.00 to HK$115.00, Kuaishou aims to raise about HK$38.3 billion to HK$42 billion (about US$4.95 to US$5.42 billion), excluding commission and expenses of the offering. Such fundraising suggests Kuaishou is expected to create one of the biggest IPO in Hong Kong. Kuaishou said about 35% of the proceeds would be used to strengthen ecosystem, enrich and improve quality and diversity of content, 30% of them would input to enhance R&D and technology, and other 25% would acquisition or investment in products, services or businesses that serve as good complements for existing business and are compliant with the company’s philosophy and growth strategy, especially in content, public entertainment and software.