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.
The carmaker will use the proceeds from the share placement for research and development and overseas expansion.
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COLUMN. The bubble tea specialist Mixue, which has already expanded into 11 countries, recorded the largest IPO on the Hong ...
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By this metric, Mixue surpassed a record set by Ant Group’s scuttled IPO in 2020 and Kuaishou Technology’s share sale in 2021 ...
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