ChaBaiDao initiate the largest initial public offering (IPO) in Hong Kong

ChaBaiDao, a popular Chinese bubble tea chain, has initiated the largest initial public offering (IPO) in Hong Kong this year. The company is offering approximately 148 million shares at HK$17.50 ($2.23) per share, with the goal of raising up to 2.6 billion yuan ($330 million).

Headquartered in Chengdu, ChaBaiDao is owned by Sichuan Baicha Baidlao Industrial Co Ltd. The company has disclosed plans to sell 10% of its shares in Hong Kong and distribute the remaining 90% globally.

Additionally, underwriters have been granted an oversubscription option to sell an additional 15% of shares, indicating significant investor interest in the IPO.

Latest

Which Country Is BigBrew From?

Milk tea has taken the world by storm, with numerous brands and franchises sprouting up in various countries. Among these brands, BigBrew stands out...

Is Sunshine Grape Ade Kung Fu Tea Worth Tasting?

Bubble tea enthusiasts are constantly on the lookout for new and exciting drinks that blend unique flavors with refreshing textures. Kung Fu Tea, one...

Boba Bubble Tea Franchise Costs, Profit & Requirements For 2024

Boba Bubble Tea, commonly referred to as Boba Tea or Bubble Tea, is a Taiwanese tea-based drink that originated in Taichung in the 1980s....

BigBrew’s Top 10 Cold Drinks Recommended for You

When it comes to enjoying a refreshing beverage, BigBrew is a brand that never disappoints. Renowned for its innovative flavors and high-quality ingredients, BigBrew...

Your Ultimate Guide To Bubble Tea: 11 Drinks Every Beginner Should Try

As the bubble tea phenomenon continues to rise in popularity across the United States, with the industry projected to soar from a staggering $2.6...

Limited-Edition Taro Drinks At Playmade: Here’S What You Need To Try

Attention taro enthusiasts: PlayMade, the beloved Taiwanese bubble tea chain, has unveiled a limited-edition Taro Series featuring four delectable taro-inspired drinks. Known for their...

Is Red Bean Kung Fu Tea Really Worth Tasting?

In the ever-evolving world of bubble tea, new flavors and ingredients continue to emerge, capturing the attention of tea enthusiasts and casual drinkers alike....