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June 26, 2018
Abstract : Chinese service giant Meituan-Dianping filed on Monday for an initial public offering (IPO) on Hong Kong stock exchange, the Xinhua-run Shanghai Securities News reported.
BEIJING, June 26 (Xinhua) -- Chinese service giant Meituan-Dianping filed on Monday for an initial public offering (IPO) on Hong Kong stock exchange, the Xinhua-run Shanghai Securities News reported.
According to the report, the company is seeking to raise about 6 billion US dollars at a valuation of 60 billion US dollars.
Meituan-Dianping has mandated Bank of America Merrill Lynch, Goldman Sachs Group and Morgan Stanley to jointly sponsor its IPO.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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