Meituan Dianping is getting ready to conduct an initial public offering in Hong Kong

One of the most popular Internet start-ups in China Meituan Dianping expects that during the initial public offering in Hong Kong this week the company will be valued at about $55 billion, finversia.ru wrote with reference to the message of Dow Jones. Among the main investors of the company offering Internet services are the Chinese technology giant Tencent Holdings. Chinese Meituan sells coupons, provides online reviews, restaurant ratings, offers online food ordering services and hotel reservations, and also sells movie tickets. According to sources, Meituan intends to raise 4.5 billion dollars during the IPO. According to them, the number of so-called anchor investors will include large world and Chinese asset management companies that will acquire about a third of the volume of the placement of shares.

04.09.2018
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Glencore to trim copper and zinc production targets

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Offshore wind farms to invest $1.2 trillion to hit climate goals

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Amazon shares fall 7%, forecasts below expectation

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China to request U.S. to remove tariffs in exchange for farm purchases

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25.10.2019

Oil prices drop after recovering from surprise dip in U.S. inventories

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24.10.2019
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