The Chinese calendar’s Year of the Dog has coincided ominously with a trend for Chinese entrepreneurs to float businesses at steep prices. Meituan Dianping filed for a Hong Kong initial public offering on Monday. The meal delivery group is reportedly seeking a $60bn valuation. Investors, such as Sequoia, will celebrate. Others will worry the deal marks a market peak.
農曆狗年似乎不祥地遇上中國企業家高價讓企業上市的趨勢。美團點評(Meituan Dianping)剛剛提交了在香港進行首次公開發行(IPO)的申請。據報道這家送餐集團將尋求以600億美元估值募資。紅杉(Sequoia)等現有投資者將會慶祝。其他人則擔心這筆交易將標誌着市場見頂。
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