Meituan expected to file Hong Kong IPO application this week
Apart from food delivery, Meituan is a go-to-destination in China for booking movie tickets, hotels and travel packages.
Meituan Dianping, China’s biggest platform for on-demand services, plans to file an initial public offering application to the Hong Kong stock exchange on Friday, according to people familiar with the matter.
Meituan has hired Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, and China Renaissance as its underwriters, two people familiar with the information said, asking not to be identified as the information is private. The company declined to comment on its listing plan.
The size and valuation of the offering remains unclear at this stage.
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