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Venture capitalist Sequoia China sells Meituan stock for US$799 million, according to stock exchange filings 24HTECH.ASIA

May 8, 2022
Source: 24htech.asia 24htech.asia
News Snapshot:
Corrected [9:58am, 5 May, 2022] Corrects the story throughout to say that Sequoia China was the firm selling the Meituan shares, not Shen personally Sequoia Capital China, one of the country’s top venture capital investors, has sold some shares in the Hong Kong-listed delivery firm Meituan to cash in HK$6.23 billion (US$798.72 million), according to stock exchange filings on Tuesday. Sequoia China sold a total of 42.96 million shares in Meituan over April 27 and 29. The firm sold 42.46 million shares on April 27 at an average price of HK$144.78, and sold 500,000 shares on April 29 at HK$159.5....
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