China's Meituan-Dianping chooses three Wall Street banks for HK IPO

REUTERS/Thomas White/Illustration

China’s largest provider of on-demand online services, Meituan-Dianping, has tapped Bank of America Merrill Lynch (BAML), Goldman Sachs Group Inc and Morgan Stanley to work on a Hong Kong float that could see it list as early as later this year, five people with knowledge of the move said.

Meituan-Dianping, an online platform for ordering food and booking movies and restaurants, has recently started preparatory work, aided by the three Wall Street banks, for the initial public offering (IPO), the people told Reuters.

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