CPPIB-backed Meituan Dianping files for IPO, seeks over $4 bln: Reuters
China’s Meituan Dianping, an online food delivery-to-ticketing services platform, is bringing its initial public offering to Hong Kong, where it aims to raise over US$4 billion, sources told Reuters. The Beijing-based company, backed by Tencent Holdings Ltd, was valued at around US$30 billion in a fundraising last year. It is aiming for a US$60 billion valuation with the IPO. Meituan’s other backers include venture capital firms Sequoia Capital and DST Global, Singapore's GIC Pte Ltd and Temasek Holdings (Private) Ltd, as well as Canada Pension Plan Investment Board.
25 June 2018•3 mins read
