Meitu hits the road for HK$5.5bn listing

Selfie 230-150x
By Jonathan Breen
29 Nov 2016

Chinese selfie app maker Meitu has cracked open books for its potential HK$5.5bn ($710.4m) IPO, a deal notable for coming from the technology sector — a rarity in Hong Kong’s primary market.

Meitu is looking to float 574m shares, all primary, and is offering them with a range of HK$8.5-HK$9.6, which could net the firm HK$4.9bn-HK$5.5bn. The deal includes a 15% greenshoe of secondary shares.

The base offer is equal to 13.6% of the company’s enlarged share capital and will ...

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