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China bubble tea chain Mixue pops 47% on debut

Shares in Mixue—a Chinese ice cream chain with more stores than McDonald’s—jump over 40% after Hong Kong’s largest IPO so far this year

Mixue raised $444 million in its IPO, a blockbuster listing that helps signal a turnaround in Hong Kong's IPO market.

New York Post on MSN · 13h

China Bubble Tea Chain Mixue Pops 47% on Debut as Hong Kong IPO Volumes Rebound

Mixue's gain came as its major bubble tea rivals were sold off, with Sichuan Baicha Baidao down nearly 7% and Guming down 1.7% on Monday. Retail investors in the IPO subscribed for 5,258 times more shares than were on offer in that tranche, according to Mixue's filings, making it one of Hong Kong's most popular IPOs.

Law · 22h

Firms Advise Mixue on $450M Hong Kong IPO As Bubble Tea Craze Gives Capital Markets a Boost

Last month, another Chinese beverage maker Guming, advised by Skadden, Shihui Partners and Ogier, also listed and raised $230 million.

1don MSN

$1 ice cream and billionaire brother founders: Welcome to the biggest fast-food chain in the world

The chain, which has over 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.

Bubble tea giant Mixue's IPO powered by prowess in procuring, production, prices: analysts

Mixue Group, China's largest fresh-drinks chain, has launched Hong Kong's hottest initial public offering (IPO) on the ...

1don MSN

This boba chain you’ve never heard of has more outlets than McDonald’s

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 reaps sweet gains as stock soars on HK debut

Mixue Group, Chinese mainland's largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong ...

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