Guming says it targets smaller cities where bubble tea is not as readily available and growth outpaces that of megacities. Read more at straitstimes.com.

China's largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about $500 million, according to three sources with direct knowledge of the matter.

Guming Holdings recently launched a $233-million (over ₹ 2,013 crore) IPO, which increased the net worth of its own Founder, Yun'an Wang, to $1.2 billion, making him a part of the billionaires club, according to Bloomberg data.

CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated range, according to a term sheet.

Guming Holdings’ US$233 million Hong Kong initial public offering (IPO) bolstered the value of the stake owned by its millennial founder, Yun’an Wang, to US$1.2 billion, according to the Bloomberg Billionaires Index. Shares were sold at HK$9.94 each in the IPO.

Guming Holdings Ltd.’s Chief Financial Officer Hailing Meng tells The China Show about the bubble tea maker's expansion plans and its secret sauce in a fierce market following a $233 million Hong Kong IPO.

The mainland’s top bubble tea maker plans to launch its IPO later this month and list in early March, report says.