China's largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion ($443.66 million) in a Hong Kong initial public offering, a regulatory filing showed on Friday.

Fresh drink maker’s profit surged 45.2 per cent in the first nine months of 2024, as it served up around 7.1 billion drinks.

Hong Kong's IPO (initial public offering) market kicked off on a higher note in 2025, led by a significant rise of companies and investors from the Chinese mainland. The world's battery behemoth, Contemporary Amperex Technology Co (CATL),

CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.

Chinas largest bubble tea and beverage brand, Mixue Group, is set to raise HK$3.45 billion ($443.66 million) through an initial public offering (IPO) in Hong Kong, according to a regulatory filing on Friday.

Mixue Group, which operates China’s largest bubble-tea chain, is planning to raise HK$3.45 billion ($444 million) in an initial public offering in Hong Kong.