According to news on the afternoon of October 10, Mixue Bingcheng responded to online rumors that it would raise approximately US$1 billion to list in Hong Kong, saying that it would not comment on the online news. According to market news, Chinese ice cream and tea chain Mixue Ice City plans to launch an IPO in Hong Kong next year to raise approximately US$1 billion (approximately HK$7.8 billion). Bank of America, Goldman Sachs and UBS have been selected to take the lead in arranging the listing.
Sources pointed out that Mixue Bingcheng decided to list in Hong Kong because the mainland does not encourage food and beverage companies to list domestically and is also slowing down the pace of large-scale IPOs to boost the sluggish stock market.
Currently, Mixue Bingcheng has more than 21,000 stores across the country, with a national market share of over 6%. Currently, 99.8% of Mixue Bingcheng and 98.9% of Lucky Coffee are franchise stores.
According to the data, through the business model of “direct sales as the guide and franchise as the main body”, Mixue Bingcheng has become the domestic beverage company with the largest number of stores and the largest scale.
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