Meituan Dianping HK$33.14 Billion (US$4.22 Billion) Initial Public Offering
Davis Polk advised the underwriters as joint global coordinators in the Hong Kong initial public offering of Meituan Dianping. The gross proceeds from the offering amounted to approximately HK$33.14 billion (US$4.22 billion) prior to the exercise of the over-allotment option.
Meituan Dianping is China’s leading e-commerce platform for services. It uses technology to connect consumers and merchants. Service offerings on Meituan Dianping’s platform address people’s daily needs for food and extend further to broad lifestyle and travel services.
The Davis Polk corporate team included partners Bonnie Y. Chan and Li He, registered foreign lawyer Ran Li and associates Lillian Lian, Karen Kong and Esther Leung. The tax team included counsel Alon Gurfinkel and associates Omer Harel and Veronica Orecharova. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.