Meituan Dianping (Meituan), China's leading e-commerce platform for local lifestyle services updated its IPO prospectus previously filed with Hong Kong Exchanges this month. It plans to issue 480 million shares each priced between HK$60 and HK$72 with a value of at best 34.6 billion yuan (US$5.06 bn) and set to go public on September 20, 2018, according to Sina Finance.
Meituan has developed into an all-rounded company providing a wide selection of daily-life services to consumers, such as food delivery, reviews, hotel & travel services, transportation, new initiatives and other, which was just a simply group-buying website eight years ago.
For the last twelve months ended April 30, 2018, Meituan had 340 million annual transacting users, 4.7 million annual active merchants ac...
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