17:27 - 3.03.2025

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March 3, Fineko/abc.az. The largest Chinese chain selling Bubble Tea Mixue rose in price by 47% on the first day of trading in Hong Kong.

ABC.AZ informs that at the start, the share price reached 298 Hong Kong dollars (nearly $38) per share.

The company raised $444 million by selling shares to investors. Half were bought by Hong Kong residents, the other half by foreigners. Hong Kong residents have applied for $234 billion.

This is the largest IPO of 2025 on the Hong Kong Stock Exchange.

Bubble Tea is a sweet drink made from tea, milk, and chewable balls (made from tapioca or jelly). Mixue is the leader in China in terms of its sales.