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Mixue Updates IPO Application for Hong Kong Stock Market

On January 1, 2025, in keeping with documents from The Stock Replace of Hong Kong, Mixue formally submitted updated itemizing software program materials to the Hong Kong Stock Replace, marking the originate of the unusual yr for tea beverage firms going public. The itemizing software program is jointly backed by Bank of The usa Merrill Lynch, Goldman Sachs, and UBS Neighborhood, signaling Mixue’s renewed push into the Hong Kong stock market.

In its prospectus (Kapbook), Mixue disclosed various most recent industry records. As of September 30, 2024, by means of a franchise model, Mixue has over forty five,000 stores in 11 countries in China and in a international country, making it the world’s largest freshly made tea beverage firm in terms of store count. This huge store community carried out roughly RMB 22.8 billion in retail sales earnings in 2021; RMB 30.7 billion in 2022; RMB 47.8 billion in 2023; and RMB 44.9 billion for the predominant 9 months of every yr.

The itemizing software program shows that in the predominant 9 months of 2022, 2023, and 2024, Mixue carried out revenues of 13.6 billion yuan, 20.3 billion yuan, and 18.7 billion yuan respectively, with yr-on-yr development rates of 31.2%, 49.6%, and 21.2%. In the a similar sessions, Mixue’s get profits had been respectively at 2 billion yuan, 3.2 billion yuan, and 3.5 billion yuan with yr-on-yr development rates of 5.3%, 58.3% and 42 .3%.

It’s worth noting that here isn’t any longer the predominant time Mixue has submitted an IPO software program to The Stock Replace of Hong Kong. As early as January 2, 2024, Mixue had submitted an IPO software program to The Stock Replace of Hong Kong, however the software program later grew to turn into invalid. To boot to, Mixue also submitted an A-fragment itemizing software program to the China Securities Regulatory Price in September 2022, but equally failed to successfully checklist. Nonetheless, Mixue has no longer given up on its knowing to enter the capital market and has chosen to proceed seeking breakthroughs in the Hong Kong stock market.

SEE ALSO: Mixue and Goodme Concurrently Put up Capabilities to Hong Kong Stock Replace

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