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On Thursday, February 27, 2025, the Snow King’s Talisman at the Mixue Cup in Beijing, China, China.
Bloomberg | Bloomberg | Gets the image
Mixue Tea Bubble Mixue’s largest stock in China jumped 29% on the market debut on Monday after a strongly signed public proposal.
The stock was last seen that traded at $ 262 ($ 33.7) per piece compared to the IPO offer price HK $ 202.5 per share.
The company offered 17.06 million shares in its IPO, raising only 3.45 billion HK.
IPO has received support for five Cornerstone investors, which include M & G Investments, Hongshan, Prosciencece Roce Limited, HHLR Foundation and Long-Z Meituan Foundation.
Mixue shares were very much in demand, and Hong Kong offered more than 5200 times signed. The international proposal was more than 35 times signed.
The initial IPO distribution was 10% on Hong Kong’s proposal and 90% for an international offer.
However, Mixue said he offered to sign up more than 100 times from the total number of shares that were initially available, she increased her share of IPO from 10% to 50% and the remaining 50% to the international proposal.
The construction for the IPO were Bank of America Securities, Goldman Sachs and UBS.
Mixue is known for its milk tea, fruit drinks, ice cream and coffee. Its IPO comes a few weeks after Guming’s, another Chinese tea chain of the bubble.
Stocks of other Chinese tea companies with bubbles listed in Hong Kong also grew on Monday morning. Nayuki traded by 7.1%, while Sichuan Baicha Baidao was 5.6% higher. The gross increased by 2.2%.
“Our basic Case Mixue Group assessment implies a 96 billion HKD market limit or HKD 254 target, which is 26% higher than the initial IPO price,” said Douglas Kim, IPO analyst at Douglas Research Advisory, which also publishes on Smartkarma.
