Fruit drink chain Mixue garners $67.72 billion in bookbuilding

China’s fresh fruit drink giant Mixue Group was 196 times oversubscribed on its first day of bookbuilding, receiving HK$67.72 billion worth of margin financing orders for its new share sales.

Among the brokerages, Futu Securities and Tiger Brokers had lent out HK$56 billion and HK$3.73 billion respectively as of 4pm Friday in Hong Kong.

Mixue started its bookbuilding on Friday at HK$202.50 apiece, with a minimum investment of HK$20,454.22 per board lot of 100 shares.

The company plans to issue a total of 17.06 million shares, with 10 percent for the retail tranche, to raise about HK$3.45 billion from its Hong Kong listing.

Mixue, famous for its 3-yuan (HK$3.21) ice cream and 7-yuan lemonade, has the most expansive global network among fresh drinks makers with 40,510 stores in China and 11 other countries as of September 2024.

STAFF REPORTER