Firm's 446 million active users could lead to a high valuation

Meitu, the developer of a Chinese mainland selfie app, is said to seek a hearing within this week with the Hong Kong Stock Exchange's listing committee that would set the stage for its initial public offering (IPO) next month.

The move marks almost the final step in a process expected to pave the way for the second-biggest tech listing in Hong Kong, triggered by a prospectus filed in August this year.