meituan dianping ipo
Meituan had 290m monthly active users (MaU) as of April 2018 and looks on course to book around RMB1.5tn of transactions this year.
Opinions expressed by Forbes Contributors are their own. Good examples of this are ride-hailing, food delivery, movie tickets, train tickets, doctor appointments and so on.
Meituan Dianping raised $4.2 billion from investors after pricing the newly issued shares near the top of its target range, a person familiar with the IPO told CNN on Thursday. In comparison to Xiaomi and Razer, Meituan has a lot to offer and it should perform far better following its listing. Hailed as one of the China’s Tesla hopefuls, Li Auto Inc managed to list its shares in the US last week. Next in line among the TMD + X bunch is Meituan-Dianping (the M), China's super app that aims to be an Amazon of services. But rapid diversification burns through cash and can dilute focus. Co-founder and senior vice president Wang Huiwen said as the company's core strategy is "food plus platform", it does not plan to increase its investment in the car-hailing business. All Rights Reserved. © 2020 Forbes Media LLC.
Starting out as a copy of GroupOn, Meituan has morphed into an online peddler of movie tickets, food deliveries, trip bookings and bike rental, geared to China's rising middle class population.
Meituan said it will sell about 480 million primary shares.
In this article, I’ll take a look at Li Auto’s business and how its successful IPO can add value to Meituan Dianping. Sign up for free newsletters and get more CNBC delivered to your inbox.
Opinions expressed by Forbes Contributors are their own. This comes from over 20 years in investment banking and 7 years as the owner and operator of a successful independent research firm.
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© 2020 Forbes Media LLC. The net result is group gross margin of 25.5% in the first four months of 2018 compared to 41.6% in the first four months of 2017.
EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Meituan Dianping, the Chinese food reviews and delivery giant backed by Tencent Holdings Ltd., has begun discussions on a Hong Kong initial public offering as soon as this year, according to people familiar with the matter. Meituan Dianping made a robust debut on the Hong Kong stock market after raising billions of dollars from investors in its IPO.
Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig. The price range represents a multiple of 23.5 times to 28.2 times its 2020 profit forecast from its underwriting syndicate, according to Thomson Reuters publication IFR. Meituan just raised $4.2 billion in a Hong Kong IPO -- weeks after China's smart hardware maker Xiaomi (or the X) hauled in $4.7 billion in Hong Kong. Her second book, Startup Asia (Wiley 2011), explored how India is the next up and comer, which again predicted a leading-edge trend. MEITUAN DIANPING REGISTERED Fundamentalanalyse - hier erhalten Sie eine Analyse der MEITUAN DIANPING REGISTERED Aktie nach fundamentalen Kennzahlen … The CEO of Meituan, Wang Xing, has been through the trials of China's crazed Internet boom and lost many times, but Meituan looks to be his success. Past performance is not indicative of future results.
Hence, the company is being far more conservative in its commentary, meaning that there is space to surprise on the upside. Die relative "Outperformance" der letzten vier Wochen im Vergleich zum HANGSENG beträgt 7,98. Quartal - sieht robuste Nachfrage zum Jahresende, Darum bleibt der Euro unter 1,17 US-Dollar, Negative Analystenhaltung seit 16.10.2020, Die Gewinnprognosen pro Aktie sind heute tiefer als vor sieben Wochen. Its main backer, tech giant Tencent Holdings, has committed $400 million; global asset manager Oppenheimer $500 million; UK-based hedge fund Lansdowne Partners $300 million; U.S fund Darsana $200 million and state-backed China Structural Reform Fund $100 million.
It set an indicative price range of HK$60 to HK$72 ($7.6-$9.2) per share for its IPO, confirming a Reuters report over the weekend and valuing itself at up to $55 billion. Rebecca A. Fannin is a leading expert on global innovation.
Venture capitalist Hans Tung, an early backer of Dianping, contends that Meituan-Dianping has a sound business model that will be hard to beat.
Photographer: Justin Chin/Bloomberg, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. You may opt-out by.
Dieser negative Trend hat am 16.10.2020 bei einem Kurs von.
Hong Kong has seen a pickup in interest for listings after the introduction of new rules this year designed to attract tech companies with dual-class share structures.
I think that the far more reasonable valuation is partially a function of the realisation that new issues rapidly face a reality check on the promises they have made.
Its core businesses of food delivery (9.3% gross margin) and In-store, hotel and travel (88.0% gross margin) have stable profitability, but its new initiatives have fallen substantially into the red (LOSS38.8% gross margin) in the last 12 months. Furthermore, with preferential access to Tencent’s 1bn users, it has a user base to grow into. Like Xiaomi, Meituan is listed under a new dual-class share structure designed to attract tech companies by allowing them to give weighted voting rights to founders. There is no doubt that Meituan has a higher risk profile than Alibaba, but of all the IPOs this year, this is the first one that is offering some value for investors.
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Chinese App Meituan Raises $4.2 Billion in IPO Market capitalization of the Tencent-backed startup now stands at $53 billion A Meituan delivery scooter in Beijing.
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Food delivery workers from Meituan in Beijing (AP Photo/Andy Wong). The resulting company folded in Meituan's consumer services with Dianping's restaurant reviews and listings, and food deliveries. Meituan Dianping ist als eine Groupon Kopie gestartet, hat sich inzwischen aber stark weiterentwickelt und ist zur Super App für lokale Services geworden. (Hachette Book Group, 2019).Rebecca’s first book, Silicon Dragon: How China is Winning the Tech Race (McGraw-Hill 2008), profiled Jack Ma of Alibaba and Robin Li of Baidu, and she has followed these Chinese tech titans ever since. Data is a real-time snapshot *Data is delayed at least 15 minutes.
While it is critical for Meituan to continue to expand its marketplace, this comes with added risk which needs to be taken into account in the valuation.
These two Chinese tech companies both were started in Beijing in 2010 by serial entrepreneurs, and rose to become among the world's most valuable tech startups. It was the biggest IPO by a Chinese company in the US since 2018. Meituan's IPO will be the city's second multibillion-dollar tech float in 2018 after smartphone maker Xiaomi Corp's blockbuster $4.72 billion IPO in June. This is because it is trading at quite a large discount to its bigger and more profitable competitor despite having a greater opportunity to see revenue growth over the medium-term. Meituan, backed by Tencent Holdings Ltd., caters to China’s growing middle class, which increasingly goes online to do things as diverse as ordering lunch and booking cinema tickets. In den zurückliegenden sieben Wochen haben durchschnittlich 24 Analysten eine Schätzung des Gewinns pro Aktie für diesen Titel abgegeben. It is not intended to be personalised investment advice or a solicitation for the purchase or sale of securities. Recommendations and opinions are subject to change without notice. Meituan's float is among the latest on a packed Hong Kong listing calendar for the coming months, including an up to $1 billion IPO from top movie ticketing platform Maoyan Weying and an at least $3 billion listing from bitcoin mining equipment maker Bitmain.
Meituan just raised $4.2 billion in a Hong Kong IPO -- … RFM research is relied on by a number of large household technology & automotive names. Meituan has 290 million bargain-loving users in China.
Got a confidential news tip? In 2010, she formed media and events platform Silicon Dragon Ventures, which publishes a weekly e-newsletter, produces videos and podcasts, and programs and produces events annually in innovation hubs globally. Meituan-Dianping became an all-in-one GroupOn, Yelp and Uber Eats. Her next book. All Rights Reserved, This is a BETA experience. It was the biggest IPO by a Chinese company in the US since 2018. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The next generation of Chinese technology companies known as TMD + X are racing through their next milestone with IPOs, following the path of China's giant BAT or Baidu, Alibaba, Tencent. Including a 15 percent "greenshoe" option, the deal size would be $5.1 billion. In China, it's about having a great business idea, speed and execution -- and plenty of capital.
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Meituan's revenues rose 161 percent in 2017 to $5.2 billion in 2017 but operating losses were $560 million.
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