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China’s largest bubble tea chain Mixue soars 24% on Hong Kong trading debut

Mixue's IPO on March 3, 2025, brought a share price increase of 38%, raising over £400 million, making it the largest local IPO since 2021.
The company has expanded to 45,000 franchise locations, significantly growing from 2020's total of 11,250 locations.
Investors from mainland China have driven demand, owning 12% of Hong Kong shares, seeking cheaper valuations available there.
Despite challenges in domestic consumption, Mixue's popularity, driven by low prices, propelled strong demand for its shares, which were 5,200 times oversubscribed.

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New York Post

Tea drinks Mixue shares pop nearly 30% in Hong Kong trading debut

Shares of China's largest bubble tea and drinks chain Mixue Group jumped nearly 30% on their first day of trading on the Hong Kong Stock Exchange on Monday after the firm raised $444 million in an initial public offering.

11 hours ago·New York, United States

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sherwood.news

Mixue has more stores than McDonald’s; investors clamor to buy its stock after hotly awaited IPO

You thought Luckin Coffee was growing fast?...

18 hours ago

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Le Monde

'China exports not only steel, cars and social media, but Starbucks competitors too'

COLUMN. The bubble tea specialist Mixue, which has already expanded into 11 countries, recorded the largest IPO on the Hong Kong Stock Exchange since 2021. The craze has a lot to do with the arrival of investors from mainland China, hitherto little present in Hong Kong, writes Le Monde columnist Philippe Escande.

19 hours ago·Paris, France

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