Reported 1 day ago
Chinese bubble tea powerhouse Guming Holdings is seeking to raise up to HK$1.58 billion (approximately US$202 million) in an IPO on the Hong Kong Stock Exchange, marking its first public offering in 2025. The company plans to offer 158.6 million shares priced between HK$8.68 and HK$9.94 each, with the final price set to be announced soon. Guming, known for its Good me brand, reported a 20% increase in gross merchandise value over the previous year, solidifying its position as a leader in the freshly made beverage market in China. The funds will be used for IT enhancements, digitalization, and supply chain improvements, among other purposes.
Source: YAHOO