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September 20, 2018 05:18 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YRrtWd7s-jk/
Meituan-Dianpings IPO off to a good start as shares climb 7% on debut
Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed companys prospects despite its cash-burning growth strategy, heavy competition and a sluggish Hong Kong stock market. During morning trading, Meituans shares reached a high of HKD$73.85 (about $9.41), a 7% increase over its initial public offering […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YRrtWd7s-jk/
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