Chinese photo app maker Meitu plans $700m HK IPO in 2016

Chinese photo app maker Meitu plans $700m HK IPO in 2016

A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's business Central district December 26, 2014. REUTERS/Tyrone Siu

Chinese photo app maker Meitu plans to raise up to $700 million in an initial public offering in Hong Kong at the end of the year, IFR reported on Friday, citing people close to the deal.

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