Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped 43% in its Hong Kong IPO debut.

Shares of China's largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.

Chinese bubble tea giant Mixue’s shares surged 40 per cent on their debut on Monday as Hong Kong’s biggest listing of the year to date highlighted investor focus on mainland China’s price-conscious consumers.

Mixue's gain came as its major bubble tea rivals were sold off, with Sichuan Baicha Baidao down nearly 7% and Guming down 1.7% on Monday. Retail investors in the IPO subscribed for 5,258 times more shares than were on offer in that tranche, according to Mixue's filings, making it one of Hong Kong's most popular IPOs.

Think McDonald’s and Starbucks are the world’s biggest food and beverage chains in terms of locations? Think again. Mixue Ice Cream and Tea, China's largest bubble tea and drinks chain famous for its snow king mascot and low prices,

Mixue’s float has been the largest so far in what’s shaping up to be Hong Kong’s biggest year for IPOs since 2021.

The chain, which has more than 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.

HONG KONG -- China's top bubble tea chain Mixue, which counts more shops than the global networks of Starbucks and McDonald's, soared in its debut on the Hong Kong stock exchange Monday, ending its first day over 40% above its initial public offering price.

On Monday, the bubble tea chain's shares jumped by more than 40% in their Hong Kong Stock Exchange debut. The company raised $444m (£352m) in the financial hub's biggest initial public offering (IPO) of the year.

Mixue Group, China's largest fresh-drinks chain, has launched Hong Kong's hottest initial public offering (IPO) on the strength of its supply chain - and its ultralow prices. The retail portion of the company's Hong Kong debut attracted more than HK$1.

The popularity of the stock helps fuel optimism over the revival of Hong Kong’s IPO market, which is projected to double this year. Enormous demand — mom-and-pop investors bid for thousands of times the shares they could buy — helped Mixue capitalize on the rage for drinks like bubble tea,

SYDNEY, March 3 (Reuters) - Shares of China's largest bubble tea and drinks chain, Mixue Group (2097.HK), opens new tab, jumped more than 47% in their debut on the Hong Kong Stock Exchange on ...