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Bubble-Tea Giant Mixue to Debut

China's largest bubble tea chain Mixue soars 34% on Hong Kong trading debut

Shares of China's largest bubble tea chain Mixue jumped as much as 34% on its market debut on Monday after a heavily oversubscribed initial public offering.

Forbes · 13h

Billionaire Brothers’ Chinese Bubble Tea Giant Mixue Surges In Hong Kong Debut

Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped 43% in its Hong Kong IPO debut.

Reuters on MSN · 19h

China Bubble Tea Chain Mixue Pops 47% on Debut as Hong Kong IPO Volumes Rebound

Mixue's gain came as its major bubble tea rivals were sold off, with Sichuan Baicha Baidao down nearly 7% and Guming down 1.7% on Monday. Retail investors in the IPO subscribed for 5,258 times more shares than were on offer in that tranche, according to Mixue's filings, making it one of Hong Kong's most popular IPOs.

12hon MSN

$1 ice cream and billionaire brother founders: Welcome to the biggest fast-food chain in the world

The chain, which has over 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.

12hon MSN

This boba chain you’ve never heard of has more outlets than McDonald’s

Two decades ago, a modest snack stall in the middle of one’s China poorest provinces saw its business take off after selling cut-price soft serve for just 15 cents (1 yuan) per cone. Today, it has ...

This Fast Food Chain Just Beat McDonald's as the Biggest in the World

Mixue Bingcheng, a budget-friendly bubble tea brand, now operates more outlets than McDonald’s or Starbucks worldwide.

Retail portion of Mixue’s IPO sets record with nearly US$206 billion in subscriptions

The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, ...

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