China's Meituan Dianping sets HK IPO ...

China's Meituan Dianping sets HK IPO valuation at up to $55...

Friday Aug 31 Read more: Reuters
(Reuters/IFR) - China's Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($7.64-$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to $55 billion, three people with direct knowledge of the matter said. Meituan, already one of China's most valuable internet firms, could raise as much as $4 billion before the exercise of a "greenshoe" or over-allotment option, whereby additional shares are sold depending on demand.

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