HONG KONG IPO: MIXUE Group (2097 HK)

Basic Information

Market

HK main board

Industry

Food and Beverage

Board Lots

100

Listing Type

Primary listing

Global Offering

Offer Price

HK$202.50

Initial Market Cap

HK$76,355mn

Total number of offer shares

17,059,900 H Shares

Number of International Offer Shares

15,353,900 H Shares

Number of HK Offer Share

1,706,000 H Shares

Sponsors

Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., UBS Securities Hong Kong Limited

Company Background

Mixue primarily offers freshly-made fruit drinks, tea drinks and ice cream to consumers both in China and overseas. Core Mixue products typically have a price range of RMB2 to RMB8, substantially lower than that of major products offered by other main freshly-made tea drinks brands in China. It has two major brands– freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup. Through a franchise model, its store network spans over 45,000 stores serving consumers both in and outside mainland China. As of September 30, 2024, we have established store presence across 31 provinces, autonomous regions and municipalities, including over 300 cities, 1,700 counties and 4,900 towns (out of approximately 30,000 towns across mainland China), spanning across all tiers of cities with a deep penetration in lower-tier markets.

Financials

Subscription Table

Time Table

IPO deadline: 26-Feb-2025

Results allotment date: 28-Feb-2025

Check refund date: 03-Mar-2025

Listing date: 03-Mar-2025

基本信息

市场

香港主板

行业

饮食

每手股数

100股

上市类型

主上市

全球发行

招股价范围

HK$202.5

初始市值范围

HK$76,355mn

总发行股数

17,059,900

国际发行股数

15,353,900

香港发行股数

1,706,000

保荐人

美银证券、高盛、瑞银

公司背景

蜜雪主要向中国及海外消费者提供现制水果饮品、茶饮及冰淇淋。蜜雪的核心产品价格范围通常为人民币2元至8元，远低于中国其他主要现制茶饮品牌的主要产品价格。蜜雪拥有两大品牌——现制茶饮品牌“蜜雪冰城”及现制咖啡品牌“幸运咖”。

过加盟模式，其门店网络已扩展至全球，拥有超过45,000家门店，服务中国大陆及海外市场。截至2024年9月30日，蜜雪已在中国大陆31个省、自治区及直辖市建立门店，覆盖超过300个城市、1,700个县及4,900个城镇（中国大陆约有30,000个城镇），涵盖所有层级城市，并在低线市场具有深度渗透。

财务状况

申购表

时间表

申购截止日: 2025年2月26日

发行分配日: 2025年2月28日

支票退款日: 2025年3月3日

上市日期: 2025年3月3日