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.
1don MSN
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 Group, Chinese mainland's largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong ...
Mixue shares rallied more than 40% on their Hong Kong debut. Longdley Zephirin expects Mixue to struggle with expansion into ...
Mixue Mixue Ice Cream and Tea has eclipsed McDonald's, Starbucks and Subway to become the largest food and ...
It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the ...
Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for ...
The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, ...
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