SYDNEY/HONG KONG, Feb 11 (Reuters) - China's largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about $500 million, according to three sources with direct knowledge of the matter.
Mixue, which has about 36,000 stores across mainland China, plans to start trading on the Hong Kong Stock Exchange in early March, one of the sources added.
The sources asked not to be identified discussing confidential information. Mixue declined to comment.
(Reporting by Scott Murdoch in Sydney and Julie Zhu in Hong KongEditing by Peter Graff)
((Scott.Murdoch@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.