HONG KONG -- China's top bubble tea chain Mixue, which counts more shops than the global networks of Starbucks and McDonald's, soared in its debut on the Hong Kong stock exchange Monday, ending its first day over 40% above its initial public offering price.
The stock opened at 262 Hong Kong dollars, 29.4% higher than the IPO price of HK$202.50. At the close of trading, the shares stood at HK$290, up 43.2%.
