Deals
Meituan Raises $4.2 Billion in IPO Priced Toward Top
- The Chinese internet giant is said to price near the top end
- Meituan is among a new wave of fast-growing Chinese startups
This article is for subscribers only.
Meituan Dianping raised about $4.2 billion after the Chinese food review and delivery giant priced its Hong Kong initial public offering near the top of a marketed range, according to people with knowledge of the matter.
China’s second largest tech startup priced its sale of 480.27 million new Class B shares at HK$69 apiece, the people said, asking not to be identified because the information is private. That price tag, compared with an offer range of HK$60 to HK$72, values Meituan at roughly $48 billion, according to Bloomberg’s calculations.