Sep

Meituan Said to Set Terms for Up To $4.5 Billion Hong Kong IPO

Meituan Dianping, a Chinese food delivery giant, plans to raise as much as $4.5 billion in an initial public offering in Hong Kong, according to people with knowledge of the matter.

The company plans to sell shares between HK$60 ($7.64) and HK$72 apiece, the people said, asking not to be identified because the information is private. The offering has attracted five cornerstone investors, including Tencent Holdings Ltd., to invest a combined $1.5 billion, according to the people…

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Meituan Said to Set Terms for Up To $4.5 Billion Hong Kong IPO

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