China bubble tea chain Mixue surges 47% on debut, fuelling optimism in Hong Kong's IPO market
China’s largest bubble tea chain Mixue was off to a robust start on its trading debut, jumping as much as 47% at one point. The shares rose as high as HK$298, after opening at HK$262 each. The stellar start reinforces hopes for a strong year in new equity issuances by Chinese companies in Hong Kong.
Mixue Group, China’s largest bubble-tea chain, surged in its Hong Kong trading debut after individual investors flocked to ...
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The chain, which has over 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.
Two decades ago, a modest snack stall in the middle of one’s China poorest provinces saw its business take off after selling cut-price soft serve for just 15 cents (1 yuan) per cone. Today, it has ...
Mixue Bingcheng, a budget-friendly bubble tea brand, now operates more outlets than McDonald’s or Starbucks worldwide.
It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the ...
The rapid development of these companies, which mainly targeted consumers in second- and third-tier cities, also demonstrated ...
The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, ...
China’s Mixue Group became the world’s biggest fast-food chain by winning over customers with cheap ice cream and drinks. It’s a hit with investors too. On Monday, Mixue stock end ...
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