Chinese lifestyle ecommerce unicorn will be filing on Friday for its much-anticipated floatation with Hong Kong Exchanges and Clearing, Chinese financial media Caixin reported today citing people familiar with the matter.
Despite the earlier discord, Morgan Stanley still joins the notable list of underwriters for this deal including the likes of Goldman Sachs, Merrill Lynch, and China Renaissance.
Meituan has kept a tight lip about its widely tipped public offering, no information of the IPO size and stock pricing has been made public yet.
Meituan’s latest round of financing was led by Tencent. It raised US$ 4 billion at a valuation of $ 30 billion.
Additionally, with Xiaomi putting a temporary hold on the CDR fundraising, no mention was made of the possibility of being the first dual-listing Chinese unicorn as well.
Meituan responded to the Caixin report, saying the company does not comment on market rumors.
The Beijing-based on-demand services platform, namely the world’s largest O2O platform, raked in RMB 33 billion on a total GMV of over 360 billion, according to information disclosed by WANG Xin, co-founder and CEO of the company.