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Bubble tea chain Mixue shares jump 30% in HK IPO debut
Shares of Mixue Group, a China-based company, rose nearly 30% during their debut on the Hong Kong Stock Exchange on March 3.
This surge followed an initial public offering (IPO) that raised US$444 million, with shares priced at HK$202.5 (US$26.04) each and beginning trade at HK$262 (US$33.68).
The company’s performance exceeded the 0.8% rise in Hong Kong’s Hang Seng Index.
During the book-building process, retail investors in Hong Kong applied for a record HK$1.8 trillion (US$231.4 billion) worth of margin loans to purchase Mixue stock.
This IPO has become one of the most highly subscribed in Hong Kong, second only to Bloks Group’s offering in January.
Recent Beverage developments
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24-Jan-2025 🍻 Indian craft beer brand Medusa raises $6.5m for expansion
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26-Aug-2022 🥤 GIC to invest $50m in India-based beverages firm
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21-Jun-2022 🥤 Sayurbox founder backs Indonesian beverage brand’s series B1
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18-Oct-2021 🍏 Dole, EDB to repurpose fruit waste via new entity
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| 15-Mar-2021 🍽️ Beenext leads $3m series A round of Indonesian restaurant management startup |
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