Deals
China Selfie App Said in Talks for $5 Billion Valuation in IPO
- International, Chinese investors are split over proper value
- Meitu plans to test demand with investors in U.S., London
China's Meitu Seeking $5B Valuation in IPO
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China’s Meitu Inc. is about to test the price of beauty.
The developer of selfie apps is in talks with investors ahead of its planned initial public offering in Hong Kong and is discussing a share sale that would value the company at about $5 billion, according to people with direct knowledge of the matter. Investors are split in their view of that value however, with local Chinese funds willing to pay up for what they see as the next big growth opportunity and international investors more skeptical about the company’s potential, the people said.