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Chinese Partner-And-Wife Duo Being Billionaires On the Bubble Teas Strings’s IPO
The hitched pair behind Chinese bubble tea chain Nayuki search place becoming billionaires as the providers prepares to go personal in Hong kong.
Cofounders Peng Xin and you may Zhao Lin, the couple exactly who setup brand new Shenzhen-dependent refreshment chain for the 2014, often per provides a lot of money with a minimum of $step 1.step one mil considering the limits within the Nayuki. A spokesperson states the organization has no touch upon the brand new cofounders' riches.
The company is seeking to increase doing $656 million from the offering 257.step 3 mil offers at a high price listing of HK$17.dos to HK$19.8 apiece, predicated on its prospectus. The fresh new shopping portion of the offering was 190 times oversubscribed. This new providing is served by lured four cornerstone traders in addition to UBS Asset Administration, China Southern Investment Government and you will GF Money Government, the new prospectus suggests.
Nayuki, also known as Naixue's Beverage from inside the Chinese, intends to utilize the proceeds to enhance their have strings and you will open over 600 areas in China this season and next. The fresh startup enjoys preferred surging consult a knockout post off younger customers selecting creative teas products. Its products tend to combine items such as fruits and you can cheese toppings with old-fashioned beverage, additionally the business even offers recently cooked products such as money, cakes or any other desserts.
Whilst the chain had to briefly intimate the almost 500 locations for the Asia this past year inside the pandemic, Peng and you may Zhao nonetheless were able to generate $445 billion inside the sales, a twenty-five% diving on the seasons before.