Reported 1 day ago
Mixue Group, China's largest fresh-drink company, is aiming to raise approximately US$444 million in an initial public offering in Hong Kong to boost its operations amidst increasing competition. The company, known for its affordable fresh fruit and tea drinks as well as ice cream and coffee, plans to sell 17.1 million shares at HK$202.50 each. With over 45,000 stores across China and various markets in Southeast Asia and beyond, Mixue plans to allocate IPO funds toward enhancing production facilities, marketing, and working capital. The stock is expected to start trading on March 3, following interest from several cornerstone investors.
Source: YAHOO