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Genesis11
2021-08-30

Chinese Milk Tea Chain GoodMe Exploring Hong Kong IPO

Chinese milk tea chain Gu Ming is considering a Hong Kong initial public offering as soon as next ye

Chinese Milk Tea Chain GoodMe Exploring Hong Kong IPO

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coffeeteaboy
·2021-08-30
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The offering could raise between $300 million and $500 million, they said.</p>\n<p>The company’s plans are preliminary and details of the IPO such as size and timing could change, the people said. A representative for Gu Ming said the company doesn’t have IPO plans at this moment, while a representative for Sequoia China declined to comment.</p>\n<p>A number of Chinese tea chains are weighing Hong Kong IPOs after bubble tea chain Nayuki Holdings Ltd.raised $656 millionin a June share sale.Mixue Bingcheng Co., which makes ice cream and tea, and fruit tea chainChaBaiDaoare among the companies looking at going public in the Asian financial hub, Bloomberg News has reported.</p>\n<p>Nayuki shares have slumped to just over half the IPO price after the chain&nbsp;closed&nbsp;two of its tea shops to investigate reports of hygiene issues. The company said it is committed to food safety and product quality requirements.</p>\n<p>Gu Ming opened its first store in 2010 and now runs over 5,000 outlets in China, according to itswebsite. Its investors include Sequoia’s China arm, Dragonball Capital and Coatue Management, according toPitchbook.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Milk Tea Chain GoodMe Exploring Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Milk Tea Chain GoodMe Exploring Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/chinese-milk-tea-chain-goodme-is-said-to-explore-hong-kong-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese milk tea chain Gu Ming is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter.\nThe Sequoia Capital China-backed company, known as...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/chinese-milk-tea-chain-goodme-is-said-to-explore-hong-kong-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02150":"奈雪的茶"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/chinese-milk-tea-chain-goodme-is-said-to-explore-hong-kong-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189131990","content_text":"Chinese milk tea chain Gu Ming is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter.\nThe Sequoia Capital China-backed company, known as GoodMe in English, has held initial discussions with potential advisers about the listing, the people said, asking not to be identified as the information isn’t public. The offering could raise between $300 million and $500 million, they said.\nThe company’s plans are preliminary and details of the IPO such as size and timing could change, the people said. A representative for Gu Ming said the company doesn’t have IPO plans at this moment, while a representative for Sequoia China declined to comment.\nA number of Chinese tea chains are weighing Hong Kong IPOs after bubble tea chain Nayuki Holdings Ltd.raised $656 millionin a June share sale.Mixue Bingcheng Co., which makes ice cream and tea, and fruit tea chainChaBaiDaoare among the companies looking at going public in the Asian financial hub, Bloomberg News has reported.\nNayuki shares have slumped to just over half the IPO price after the chain closed two of its tea shops to investigate reports of hygiene issues. The company said it is committed to food safety and product quality requirements.\nGu Ming opened its first store in 2010 and now runs over 5,000 outlets in China, according to itswebsite. 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