China's Meituan-Dianping mulls US IPO of US$3b in 2018

Hong Kong

CHINA'S Meituan-Dianping, an online platform for ordering food and booking movies and restaurants, is considering an initial public offering in the United States as soon as next year, five people with knowledge of the matter told Reuters.

A listing could raise at least US$3 billion as the company's investors look to capitalise on the current market bull run, which has taken US stocks to a series of all-time highs.