Reported about 15 hours ago
Mixue Group, China's largest bubble tea chain, experienced a remarkable nearly 30% increase in its shares on their debut on the Hong Kong Stock Exchange, following a successful $444 million IPO. This surge came after significant retail investor interest, with subscriptions exceeding available shares by over 5,258 times. Mixue has rapidly expanded its franchise model, becoming the world's largest iced drink chain with over 45,000 stores globally while maintaining profitability through its unique supply chain strategy.
Source: YAHOO