Meituan Dianping rumored to list in Hong Kong in September

The latest rumor on China’s giant services platform Meituan Dianping is that it’s planning to list on the Hong Kong Stock Exchange on September 20.

A new report uncovering Meituan plans said that the company will seek a valuation between $40 billion and $60 billion. This is similar to the figures reported earlier, though industry insiders quoted by Reuters said the company may have difficulty reaching the $60 billion target.

Meituan will start its PDIE (Pre-Deal Investor Education) by August 27, begin its global roadshow on September 3, complete its IPO pricing by September 13, and finally be officially listed in Hong Kong on September 20, according to information obtained by WeChat account “IPO Zao Zhidao” (IPO早知道). Its main IPO sponsors are three Wall Street Banks—Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch, with China Renaissance Capital acting as an exclusive financial adviser.

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