(Yicai Global) Nov. 3 -- Meituan has rebuffed a media report that said China’s biggest meal delivery platform plans a secondary listing in the mainland.

Meituan has no such plans, a representative of the Beijing-based company told Yicai Global following a Bloomberg News report earlier today that lifted Meituan’s shares in Hong Kong trading.

The on-demand delivery platform is in the early stages of considering a mainland share sale as early as next year, Bloomberg said, citing unidentified people familiar with the matter. Neither the timing nor size of the offering have been decided yet, it added.

Meituan’s stock price [HKG: 3690], which has nearly tripled this year, jumped as much as 2.6 percent to a record high of HKD302.40 (USD39) before closing 0.5 percent up at HKD296. Its initial public offering in 2018 raised about USD4.2 billion.

Through various apps the Tencent Holding-backed company offers on-demand services ranging from take-outs and catering to car-hailing and bike-sharing. It had a total of 460 million registered users and 6.3 million vendors as of June 30.

Editor: Kim Taylor