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Chinese technology unicorn Meituan Dianping is seeking an IPO in Hong Kong that could raise upwards of $4bn.
The firm has appointed Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley as sponsors, with Goldman in lead left position. China Renaissance is sole financial adviser.
Meituan has been touted as among China's next generation of leading tech firms. That vaunted status is likely to make its IPO one of the most hotly anticipated in Asia during the post-summer season, said a banker on the deal.
While there are rumours the listing could raise around $4bn, that figure is "on the conservative side", the banker said, given Meituan could be valued anywhere between $50bn-$70bn.
The issuer said in a prospectus it is China’s number one e-commerce platform for services such as food delivery, travel booking, movie tickets, restaurant reviews and bike...