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
6 Articles
Articles
Further Reading
You have 5 free stories remaining this month. Subscribe anytime for unlimited access.