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Tencent-backed Meituan raises $4.2 billion in IPO priced near top of range: sources


By Fiona Lau and Julie ZhuHONG KONG (Reuters/IFR) - Chinese online food delivery-to-ticketing services firm Meituan Dianping raised $4.2 billion in the world's biggest internet-focused IPO in four years as it priced the float near the top of an indicative range, people close to the deal said.Meituan, backed by Chinese social media and gaming firm Tencent Holdings, sold about 480 million primary shares, or 8 percent of its enlarged share capital, at HK$69 ($8.79) each in the Hong Kong IPO, the sources said on Thursday.That values the company at around $52.8 billion, taking into account ...

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First Published: Thu, September 13 2018. 12:14 IST