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China selfie app in pre-IPO talks with investors

Chinese funds said to be willing to pay for what they see as the next big growth opportunity while international investors are sceptical

Published Wed, Nov 23, 2016 · 09:50 PM
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Hong Kong

CHINA'S Meitu Inc is about to test the price of beauty.

The developer of selfie apps is in talks with investors ahead of its planned initial public offering (IPO) in Hong Kong and is discussing a share sale that would value the company at about US$5 billion, according to people with direct knowledge of the matter. Investors are split in their view of that value however, with local Chinese funds willing to pay for what they see as the next big growth opportunity and international investors more sceptical about the company's potential, the people said.

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