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Investing.com -- China’s top bubble tea company, Mixue Group, is preparing to start bookbuilding for its initial public offering (IPO) in Hong Kong. The company aims to raise approximately $500 million, according to three informed sources.
Mixue Group, which operates around 36,000 stores throughout mainland China, is planning to commence trading on the Hong Kong Stock Exchange in early March, as per one of the sources. The bookbuilding process is expected to begin by the end of February.
The IPO would mark a significant milestone for Mixue Group, highlighting its expansion beyond the mainland China market. The company’s decision to list on the Hong Kong Stock Exchange underscores the importance of this financial hub in Asia for large-scale capital raising activities.
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