Bubble tea chain Mixue targets $444m in Hong Kong IPO

The IPO is priced at HK$202.50 per share.

Bubble tea giant Mixue Group has launched its IPO in Hong Kong, offering 17,059,900 H Shares at HK$202.50 per share which could potentially raise nearly $444m (HK$3.45b).

An additional over-allotment option of 2,558,900 shares could increase total proceeds to nearly HK$3.97 billion.

Five cornerstone investors have subscribed for $200m

Trading is expected to begin on 3 March 2025.