Chinese tech giant Meituan Dianping is looking to file for a Hong Kong IPO to raise $6 billion as early as this month, sources told Bloomberg.
The company will sell 10% of its stock in seeking a valuation of $60 billion. The debut would likely be set for October, the sources said. Meituan’s most recent valuation was $30 billion, making it the world’s fourth most valuable startup.
Meituan’s services range from food delivery to group discount vouchers and review ratings. App users can also book haircuts, cinema tickets and massages alongside the core food ordering function.