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在线翻译:
szdaily -> Markets -> 
Meituan Dianping sets HK IPO valuation
    2018-09-03  08:53    Shenzhen Daily

MEITUAN Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 (US$7.64-US$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 billion, sources with direct knowledge of the matter said.

Meituan, already one of China’s most valuable Internet firms, could raise as much as US$4 billion before the exercise of a “greenshoe” or over-allotment option, whereby additional shares are sold depending on demand.

The company is discussing a valuation of US$46 billion to US$55 billion and is planning to secure a total of US$1.5 billion from five cornerstone investors, including its main backer gaming and social media company Tencent Holdings Ltd., and global asset manager OppenheimerFunds, the sources said.

Oppenheimer will commit US$500 million and Tencent US$400 million, they said.

Other cornerstone investors include U.K.-based hedge fund Lansdowne Partners (US$300 million), U.S. hedge fund Darsana Master Fund LP (US$200 million) and State-owned conglomerate China Chengtong Holdings Group (US$100 million).

Beijing-based Meituan filed plans for Hong Kong’s second multibillion-dollar tech float this year after smartphone maker Xiaomi Corp.’s blockbuster IPO of US$5.4 billion after the full exercise of the greenshoe option.

It plans to use the process to upgrade its technology, develop new services and products and pursue acquisitions among other things, according to its IPO filing. (SD-Agencies)

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