Guming (HKG:1364) raised $232 million from its initial public offering in Hong Kong, Reuters reported Monday, citing a term sheet seen by the newswire.
The bubble tea maker priced the IPO on top of the HK$8.68 and HK$9.94 price range per share, the report said.
The Chinese company expects to disclose allocation results on Feb. 11, while shares will begin trading on the stock exchange on Feb. 12.
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