Tencent-backed Meituan Dianping raises $4.2b via HK IPO

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, priced its Hong Kong initial public offering (IPO) near the top end of an indicative range, raising $4.2 billion in the world’s biggest internet-focused float in four years, people close to the transaction said on Thursday.

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