Deals Rumor Mill: Meituan Dianping, Takeda, Adobe Systems
By Benjamin Horney ( September 13, 2018, 4:36 PM EDT) -- Chinese online services platform Meituan Dianping has raised roughly $4.2 billion in its initial public offering, according to a Thursday report from Bloomberg. According to the report, the Beijing-based company priced close to the top of its previously announced range of between HK$60 ($7.64) to HK$72 per share. The IPO values Meituan Dianping at around $48 billion in total, the report said. The news comes only a day after reports said Meituan Dianping received a lukewarm response to the IPO. Late last month, reports said the IPO could value Meituan Dianping at as much as $55 billion. The massive IPO comes not long after Chinese smartphone giant Xiaomi Corp. went public in early July after completing a HK$37.1 billion initial public offering....
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