China’s Largest Bubble Tea Chain Mixue Soars 17%, Pushing Market Cap to HK$130B
China’s largest bubble tea chain, Mixue, rises 8.3% to HK$321, hitting a record high.Shares of China’s largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.Mixue, which is known for its milk tea, fruit drinks, ice cream and coffee, had offered 17.06 million shares in its IPO, raising a total of HK$3.45 billion.The IPO has gained the support of five cornerstone investors, which include M&G Investments, HongShan Gr
