Tea time at the HKEX: F&B companies the bright spot in HK's gloomy IPO scene
The first working day of 2024 brought news to perk up lawyers, bankers and others dismayed by Hong Kong’s falling IPO fortunes. Mixue Bingcheng and Guming, both among China's top five tea beverage chains in terms of store count, submitted listing prospectuses to the HKEX, with the former expecting to raise between $500 million to $1 billion, and the latter between $300 million to $500 million.
Source: legalbusinessonline.com
