Meituan shares drop below its IPO price despite ongoing buybacks

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Meituan continues to face pressure on its Hong Kong-listed shares, following a fall that has left shares worth less than its IPO price of HK$69 by Wednesday’s close, plunging the company’s market value more than 80% below its peak of three years ago. The food delivery giant spent a total of HK$2.4 billion in share[…[…
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作者 gocpmall