HONG KONG -- Mixue Group, China's largest bubble tea chain, announced Friday that it will list its shares in Hong Kong, aiming to raise $443 million as it confronts sluggish consumption and severe price competition.
Mixue said in a prospectus published on the Hong Kong Exchange's website that it will be issuing over 17 million new shares at 202.50 Hong Kong dollars apiece. That brings the gross fundraising size of this initial public offering to HK$3.45 billion ($442.9 million).
