男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Technology

Selfie app Meitu gauges interest in $750m IPO

China Daily | Updated: 2016-11-22 07:58

Selfie app Meitu gauges interest in $750m IPO

Actress Angelababy attends a smartphone launch ceremony of Meitu Inc, a developer of photo touch-up apps, in Xiamen, Fujian province. CHEN LIJIE / FOR CHINA DAILY

Chinese mainland mobile developer Meitu Inc said it started testing demand for a proposed Hong Kong initial public offering worth about $750 million, which could be the city's biggest technology listing in nearly a decade.

The Xiamen-based company, which makes apps used to touch up selfie photos, will gauge interest from potential investors from Monday through Dec 2, according to terms for the offering obtained by Bloomberg. Meitu plans to use about 35 percent of the IPO proceeds to expand its smart hardware business, while around 25 percent will go toward strategic investments and acquisitions.

Meitu hasn't set a target listing date or decided when it will begin taking orders for the share sale, the terms show.

The stock offering from Meitu could become a test case for mainland technology companies seeking to list in Hong Kong. A government crackdown on backdoor listings has made it tougher for businesses to raise money in the Chinese mainland, while some entrepreneurs believe US exchanges don't offer high enough valuations for their businesses.

At $750 million, the Meitu listing would be the biggest Hong Kong first-time share sale by a technology company since Alibaba.com Ltd's $1.7 billion offering in 2007, data compiled by Bloomberg show. Meitu plans to gauge demand this week from investors in Hong Kong, London, New York and Boston and will conduct calls with Singapore money managers, according to Monday's terms.

The company will meet select Asian investors next week, before starting a formal management roadshow at a later date. It plans to earmark about 15 percent of the IPO proceeds for sales and marketing, the terms show. Meitu will also use some of the money to expand its internet service and fund research and development.

Morgan Stanley, Credit Suisse Group AG and China Merchants Securities Co are joint sponsors of the offering.

Bloomberg

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 临夏县| 奉化市| 西华县| 青州市| 迁西县| 昭觉县| 东源县| 盱眙县| 虹口区| 腾冲县| 海原县| 闽侯县| 合川市| 江城| 南通市| 沙雅县| 新郑市| 普兰店市| 汉阴县| 台南市| 广灵县| 深水埗区| 安陆市| 田林县| 大新县| 渝北区| 库车县| 阳泉市| 简阳市| 尉氏县| 涡阳县| 阿巴嘎旗| 教育| 伊宁县| 平乐县| 阆中市| 镇雄县| 罗定市| 中山市| 桦南县| 土默特左旗|