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Investing.com -- In a strong start to the year, shares of Mixue Group, China’s largest bubble tea and drinks chain, soared more than 43% in their first day of trading on the Hong Kong Stock Exchange on Monday.
This robust performance is a part of the city’s strongest start to a year for new listings since 2021.
In its initial public offering, Mixue, recognized for its budget-friendly beverages and the red-cloaked Snow King mascot, garnered $444 million by selling 17 million shares at a fixed price of HK$202.5 each.
This impressive debut boosts optimism for a successful year in new equity issuances by Chinese companies in Hong Kong.
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