New Stock Debut | AUNTEA JENNY listed on the first day with a 68.49% surge in early trading. The company is a leading enterprise in China's ready-to-drink tea industry
AUNTEA JENNY debuted on its first day of listing with a high opening of 68.49%, priced at HKD 190.6. The share price was set at HKD 113.12, with a total issuance of 2.4113 million shares, netting approximately HKD 195 million. The company was established in 2013, focusing on freshly made tea beverages, with a continuous increase in the number of stores, reaching 9,176 by the end of 2023, 99.7% of which are operated by franchisees, covering over 300 cities
According to Zhitong Finance APP, AUNTEA JENNY (02589) has officially listed, with an announcement showing a pricing of HKD 113.12 per share, issuing a total of 2.4113 million shares, with each lot consisting of 30 shares, and the net proceeds amounting to approximately HKD 195 million. As of the time of writing, the stock has risen by 68.49%, trading at HKD 190.6, with a transaction volume of HKD 254 million.
Public information shows that AUNTEA JENNY was founded in 2013 by Shan Weijun and Zhou Rongrong, initially selling grain milk tea, and began selling fresh fruit tea in 2019. According to ZhiShi Consulting data, as of December 31, 2023, AUNTEA JENNY is the fourth largest fresh tea beverage store network in China, with a large presence in lower-tier markets and rapidly expanding through a franchise model.
In the past three years, AUNTEA JENNY has demonstrated strong growth momentum. As the scale of its performance continues to expand, the number of AUNTEA JENNY stores has also steadily increased. According to the data, the number of stores for AUNTEA JENNY over the past three years (as of the end of each year) was 5,307, 7,789, and 9,176, with growth rates of 46.8% and 17.8%, respectively. As of December 31, 2024, out of the 9,176 stores in the company's network, 9,152 are operated by franchisees, accounting for 99.7%, covering over 300 cities across 4 municipalities, 5 autonomous regions, and 22 provinces
