China’s Meituan Dianping files for IPO in Hong Kong

Chinese food delivery and life services platform Meituan Dianping filed for an initial public offering (IPO) in Hong Kong on June 25. The IPO is jointly sponsored by three Wall Street banks, including Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch.

The company is reportedly seeking over $4 billion in the IPO, although the figure wasn’t disclosed in its filing.

Meituan Dianping operates Meituan and Dianping. Meituan is one of China’s biggest online marketplace for daily-life services while Dianping publishes crowd-sourced reviews about local businesses and also sells coupons. The company also operates Meituan Waimai, which provides delivery services ranging from food delivery to running errands on customers’ demands.

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom