Guming, a Chinese bubble tea chain, plans to IPO in Hong Kong, aiming to raise up to $202 million.

Chinese bubble tea company Guming plans to raise up to $202 million through its IPO in Hong Kong. The company will offer shares priced between HK$8.68 and HK$9.94 each, with trading set to begin on February 12. Tencent's Huang River is a key investor, committing up to $71 million. Guming operates 9,000 stores and intends to use the funds for expansion and digitalizing operations.

2 months ago
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