Meituan aims at an evaluation of $ 55 billion for IPO in Hong Kong. This will cause concern that may be too high – news

Meituan-Dianping seeks a $ 55 billion rating during the IPO in Hong Kong, but its net loss and intensified competition from Alibaba Despite the company's leading position in China, I wonder if this is ambitious or not. Meituan-Dianping sets price ranges from $ 60 to $ 72 (about $ 7.64 to $ 9.17) as a "super unique application" that provides everything from food delivery to travel reservation. According to Reuters,

However, according to the Wall Street Journal's report on June 25, this is lower than the previous target of $ 60 million. Meituan-Dianping operates China's largest online service market with total trading volume, and started market share of Mobike bicycles earlier this year.

Meituan-Dianping was worth $ 30 billion in October 2017, when Tencent's $ 4 billion Series C fundraising activity began.

But sluggish margins and losses related to marketing and user acquisition, especially after Xiaomi debuted on the Hong Kong Stock Exchange, cause concern about the evaluation of Meituan-Dianping. Despite reports that Hong Kong Xiaomi in July is seeking a 100 billion dollar valuation, Xiaomi raised $ 4.7 billion and received a valuation of 54 billion dollars.

Documents submitted to the Hong Kong Stock Exchange have no information on SOP pricing or evaluation yet, but they are helping to improve understanding …

Hope you like the above news

 
Meituan aims at an evaluation of $ 55 billion for IPO in Hong Kong. This will cause concern that may be too high - news

. Stay Tuned For More Updates :)

Compsmag