Miniso, backed by Tencent, looks to raise about $560m in IPO
Retailer Miniso is looking to raise up to $562.4m in its initial public offering in the US, hot on the heels of numerous blockbuster listings this year
07 October 2020 - 17:09
Bengaluru — Retailer Miniso Group Holding, which is backed by Tencent Holdings, is looking to raise up to $562.4m in its initial public offering (IPO) in the US, a regulatory filing showed on Wednesday.
The China-based company said it would sell 30.4-million American depositary shares (ADS) priced between $16.50 and $18.50 per ADS. Each ADS would represent four of the class A ordinary shares. ..
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