HONG KONG: Meituan Dianping soared on debut in Hong Kong, valuing the Chinese online food delivery-to-ticketing services firm at about US$55bil and sending a positive signal to companies lining up to list in the financial hub.
Its shares climbed 5.2% to HK$72.6 (US$9.26) in mid-morning trade yesterday, compared with Meituan’s initial public offering (IPO) price of HK$69 per share.
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