Meituan tests demand for $4bn Hong Kong listing

Dollars_US_Fotolia_230x150
By Jonathan Breen
30 Aug 2018

Chinese technology unicorn Meituan Dianping is gauging appetite for its potential $4bn Hong Kong IPO, which has already received a large amount of interest from US investors. But there are challenges ahead, as the company faces down e-commerce giant Alibaba Group Holdings. Jonathan Breen reports.

Meituan’s left lead, Goldman Sachs, and joint sponsors Bank of America Merrill Lynch and Morgan Stanley started pre-deal investor education for Meituan Dianping on Tuesday. However, within a day of testing demand, the leads have been overwhelmed with investor interest.

“The market has been waiting for this for a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial