Home > > Meituan is said to plan a $6 billion IPO filing this month

Meituan is said to plan a $6 billion IPO filing this month

06/13/2018| 9:52:24 AM| 中文

The company is said to consider selling about a 10% stake in IPO.

China’s restaurant review and delivery giant Meituan Dianping plans to file for an initial public offering of about USD 6 billion in Hong Kong as soon as this month, according to people familiar with the matter, the city’s second multibillion-dollar public listing by a tech startup this year.

The company is considering selling about 10 percent of the company, the minimum required under Hong Kong exchange rules, to avoid dilution, said one of the people, who asked not to be named because the matter is private. 

Meituan is targeting a valuation of roughly USD 60 billion, the person said, although the valuation and fundraising target won’t be in the initial filing documents. With the first filing in June, the actual listing of Meituan shares is likely around October, the people said.

Meituan is also considered a prime candidate to sell shares in mainland China as part of the government’s program to give more opportunities to domestic investors. It’s not clear yet when the sale of Chinese depository receipts would take place. Meituan declined to comment on a potential IPO and said that if it has specific fundraising plans it will announce them at the appropriate time.

Read Original Article

TAGS: Meituan | IPO
©2020 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!