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.
IPO
China bubble tea chain Mixue pops over 40% in Hong Kong listing
Investors hungry for piece of company that has topped McDonald's store count
Mixue is represented by mascots at a March 3 listing ceremony in Hong Kong, with exchange CEO Bonnie Chan. (Photo by Kenji Kawase)
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