China’s Mixue surges over 40% in Hong Kong debut By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2025
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Source: Investing.com
MIXUE Group's IPO Success: MIXUE Group, China's largest bubble tea chain, saw its shares surge by up to 42% during its Hong Kong trading debut after a $444 million IPO, significantly outperforming the Hang Seng index.
High Demand and Business Model: The IPO attracted extraordinary retail investor demand, with subscriptions exceeding available shares by over 5,258 times; the company operates more than 45,000 stores globally using a franchise model that generates revenue primarily from selling goods and equipment to franchisees.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
