Deals
Dianping Sees IPO Larger Than Yelp as Users Tap China Reviews
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Dianping.com, China’s largest website for location-based food and entertainment services, plans to sell shares in an initial public offering in five years and says it may be worth more than Yelp Inc. or Groupon Inc.
The company prefers a U.S. listing, founder and chief executive officer Zhang Tao said in an interview this week at the company’s Shanghai office. Zhang, 40, estimates Dianping’s value at more than $10 billion.