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Sources: on-demand services provider Meituan Dianping has set a price range of about $7 to $9 for its IPO in Hong Kong, valuing the company at up to $55B

“Meituan plans to secure about $1.5 billion from the cornerstone investors in the IPO, they added” writes Min Read for reuters.com. The company is discussing a valuation of $46 billion to $55 billion with potential cornerstone investors including its main backer, gaming and social media company Tencent Holdings Ltd, for its float, the people said.Meituan is also – after Xiaomi – the latest company with a dual-class share structure to file for a Hong Kong listing, under the city’s new rules designed to attract tech companies.
 
Source: reuters.com



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