China’s Meituan Dianping sets HK IPO valuation at up to $55b

The Meituan logo is seen in this illustration photo October 19, 2017. REUTERS/Thomas White/Illustration

China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($7.64-$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to $55 billion, four people with direct knowledge of the matter said.

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