• Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high

    2 monthes ago - By Tech Crunch

    Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company's net losses and increasing competition from Alibaba are already raising questions about whether that is too ambitious, despite the company's market leadership in China. Meituan-Dianping, which bills itself as a “one-stop super app” that offers everything from food delivery to travel bookings, has set an IPO price range of HK$60 to HK$72 , with a valuation of $46 billion to $55 billion, according to Reuters .
    That is still less, however, than the valuation...
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