Mixue Bingcheng, a Chinese beverage chain, debuted on the Hong Kong Stock Exchange Monday, seeing its shares surge over 40%. The company raised $444 million in its initial public offering last week, making it the largest listing in Hong Kong this year. Mixue now has over 45,000 stores globally, surpassing McDonald’s and Starbucks in number…
Consumer stocks are making a comeback in Hong Kong after the city’s initial public offering (IPO) market recovered from a multi-year slump and stocks gained a valuation upgrade induced by DeepSeek’s breakthroughs. Mixue’s IPO attracted a record HK$1.8 trillion (US$231 billion) of orders from retail investors before the Chinese fresh drinks chain started trading on…
The opening of Hong Kong’s Kai Tak Sports Park on Saturday failed to deliver much of a business boost to nearby restaurants as most of the nearly 34,000 spectators opted to leave the area right after the show ended. Yarus Lau, manager of Western restaurant GoNuts at Kai Tak Mall 2, said business levels were…
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holdings completed a US$232 million upsized share sale in the city. Mixue, China’s largest freshly made drinks firm, would begin book-building by the end of this month and list on the Hong…