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.
IPO
China's biggest bubble tea chain Mixue to raise $443m in Hong Kong IPO
Peers' listings faced tough investor reactions amid consumer market woes
Mixue Group is aiming to raise $443 million through an initial public offering in Hong Kong. The largest Chinese bubble tea chain has started to expand beyond the mainland, with outlets such as this one in the Kowloon area of Hong Kong. (Photo by Peggy Ye)
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