Tag: bubble tea
Bubble tea chain raises US$656m in Hong Kong IPO
Chinese bubble tea brand Nayuki, founded in Shenzhen in 2014 by Peng Xin and Zhao Lin, plans to raise $656 million through its Hong Kong initial public offering. The company will sell 257.3 million shares priced between HK$17.2 and HK$19.8, potentially valuing the founders' stake at over $1.1 billion.
