New Stock Debut | MIXUE GROUP listed for the first time, opening high at 29.38% in the morning, with a total market value approaching HKD 100 billion
MIXUE GROUP listed on its first day, with the stock price opening up 29.38%, priced at HKD 202.5 per share, issuing 17.0599 million shares, and net fundraising of approximately HKD 3.291 billion. The current stock price is HKD 262, with a total market value close to HKD 98.8 billion. MIXUE GROUP is a leading fresh beverage company, with over 45,000 stores, offering products including fruit drinks, tea drinks, ice cream, and coffee. According to the report, MIXUE GROUP's market share in China and globally is 11.3% and 2.2%, respectively
According to Zhitong Finance APP, MIXUE GROUP (02097) has officially listed, with an announcement showing a pricing of HKD 202.5 per share, issuing a total of 17.0599 million shares, with each lot consisting of 100 shares. The net proceeds are approximately HKD 3.291 billion. As of the time of writing, the stock has risen by 29.38%, trading at HKD 262, with a transaction volume of HKD 1.616 billion and a total market capitalization of approximately HKD 98.8 billion.
Public information shows that MIXUE GROUP is a leading fresh beverage company focused on providing high-quality, affordable fresh fruit drinks, tea, ice cream, and coffee products, with an average price of about RMB 6 (approximately USD 1) for consumers. MIXUE GROUP operates the fresh tea brand "MIXUE Ice City" and the freshly brewed coffee brand "Lucky Coffee." As of September 30, 2024, MIXUE GROUP's store network, developed through a franchise model, has over 45,000 stores, covering China and 11 other countries overseas.
It is reported that in 2023 and for the nine months ending September 30, 2024, MIXUE GROUP's store network achieved beverage sales of approximately 7.4 billion cups and 7.1 billion cups, respectively. According to a report by ZhiShi Consulting, based on the number of stores as of September 30, 2024, MIXUE GROUP is the largest fresh beverage company in China and globally. Based on beverage sales volume in 2023, MIXUE GROUP ranks first in China and second globally among fresh beverage companies. Based on retail sales at the end of 2023, MIXUE GROUP ranks first in China and fourth globally among fresh beverage companies, with market shares of approximately 11.3% in China and 2.2% globally