China's Largest Bubble tea Chain Mixue Enjoys a Successful IPO
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The shares of Mixue Group (HKEX: 2097) surged over 43% on March 3, 2025, following a heavily oversubscribed initial public offering. The Hong Kong offering was oversubscribed more than 5,200 times, while the international offering was more than 35 times oversubscribed. Due to the overwhelming demand, the company allocated more securities to the Hong Kong offering. Recently, shares were traded at 290 HKD each, compared to an IPO issue price of 202.5 HKD per share. Mixue is known for milk tea, fruit drinks, ice cream, and coffee. The chain offered...
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