According to Bloomberg, Mixue Ice City will be officially listed on the Hong Kong Stock Exchange next week, and the total wealth of its founder brothers has exceeded that of former Starbucks CEO Howard Schultz.
Mixue Bingcheng has raised US$444 million through an initial public offering (IPO).Became the largest listing transaction on the Hong Kong Stock Exchange so far this year, the company will officially be listed on the Hong Kong Stock Exchange on March 3.Mixue Bingcheng IPO priced at HK$202.50 per share, its founder Zhang Hongchao and his brother Zhang Hongfu are the largest shareholders, and will collectively own 82% of the shares after listing.
The Bloomberg Billionaires Index shows that this IPO brings the total wealth of Zhang Hongchao and Zhang Hongfu to US$8.1 billion, surpassing Schultz's more than US$6 billion.