Mar 7, 01:48 AM

Mixue Group's Stock Price Hits HK$378, Surges 73% Since IPO on March 6, Market Cap Exceeds HK$140B

Mixue Group, a Chinese milk tea brand, has experienced a remarkable surge in its stock price following its initial public offering (IPO) on the Hong Kong Stock Exchange. The stock rose 18% to HK$350 on March 6 and further increased by 10% to HK$378 on March 7, marking an overall gain of over 73% since its IPO. The company's market capitalization has exceeded HK$140 billion, with more than ¥1 trillion (approximately $137 billion) subscribed to its IPO. This performance comes amid a strong showing in Hong Kong's stock market, which is hitting new multi-month highs, despite a downturn in the U.S. markets. Mixue has gained popularity for its low price point and aggressive expansion in Southeast Asia, recently surpassing McDonald's to become the world's largest milk tea brand.

#Mixue Group #Chinese #Hong Kong Stock Exchange #Hong Kong #Mixue #Southeast Asia

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