Meituan IPO
Meituan is China's largest food delivery and local services platform, often called the 'Amazon of services' in China. The company operates food delivery, restaurant reviews, hotel bookings, ride-hailing, and various other on-demand services through its super-app. Investors value its dominant market position in China's massive local services market and its expansion into new verticals.
What We Know
Meituan went public on the Hong Kong Stock Exchange in September 2018, raising $4.2 billion in what was one of the largest tech IPOs that year. The company priced its shares at HK$69 per share and saw strong initial performance as investors recognized its dominant position in China's food delivery market. Since going public, Meituan has expanded significantly beyond food delivery into areas like grocery delivery, ride-hailing, and B2B services. The stock has experienced volatility due to regulatory pressures on Chinese tech companies but remains a key way for investors to access China's local services economy through ticker 3690.HK.
Frequently Asked Questions
Has Meituan had an IPO?
Yes, Meituan completed its IPO in September 2018 on the Hong Kong Stock Exchange. The company raised $4.2 billion in one of the year's largest tech public offerings.
When is the Meituan IPO date?
Meituan already completed its IPO in September 2018. The company has been publicly traded on the Hong Kong Stock Exchange for several years.
How can I buy Meituan stock?
You can buy Meituan stock through brokers that offer Hong Kong Stock Exchange access under ticker 3690.HK. The stock is also available through various international brokers and some ADR programs.
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