Reported about 12 hours ago
China's largest bubble tea company, Mixue Group, is set to initiate its Hong Kong IPO later in February, seeking to raise approximately $500 million. The company, which boasts 40,000 stores across China, aims to begin trading on the Hong Kong Stock Exchange in early March. Initially aiming for $1 billion, Mixue has reduced its target as it does not urgently need funds. The proceeds will be used to expand production and diversify its drink offerings.
Source: YAHOO