Meituan Dianping, The Chinese internet unicorn currently valued at $30 Billion with over $6 Billion in revenues has now been reported to be finalizing its long reported IPO plans by prepping to file for a huge IPO later this month which will raise a huge $6 Billion which values the firm at a whooping $60 Billion.

Mietuan is slated to file on the Hong Kong Stock Exchange selling 10% of the company in order to prevent dilution and also invest heavily in its expansion.

Meituan is likely to list October this year according to sources familiar with the matter which will add this huge IPO to the slew of tech listings which have been seen throughout this year, Beijing based Meituan Dianping which was formed as a merger between two companies Meituan and Dianping currently offers a vast array of online services including on-demand delivery, A group-discount and also an online reviewing service.

The company is also notable for acquiring bike sharing startup Mobike recently in a huge deal worth $3.4 Billion.

Mobike which currently has over 5,000 employees has raised a huge total of $8.3 Billion in several investment rounds with notable investors including Sequioa Capital, Tencent and IDG Capital among a slew of other investors.

The company which will add to the huge number of tech listings this year when its IPO kicks off has also invested in a swath of several notable technology companies including Indonesian ride-hailing firm Go-Jek and also Indian food delivery service Swiggy which has raised over $200 million in funding.

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