Meituan throws open $4.4bn IPO with five cornerstones

Hong Kong island adobe stock 230x150
By Jonathan Breen
04 Sep 2018

Meituan Dianping, one of China’s hottest technology unicorns, has launched bookbuilding for its up to HK$34.6bn ($4.4bn) Hong Kong IPO.

A six-member syndicate, led by sponsors Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley, began taking orders for the deal on Tuesday in Hong Kong. They got off to a storming start.

“There was huge momentum in the order flow on Tuesday morning,” said a senior ...

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