China bubble tea maker Guming raises $232m in Hong Kong IPO

China bubble tea maker Guming raises $232m in Hong Kong IPO

The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/ File Photo

Chinese bubble tea firm Guming has raised $232 million in a Hong Kong initial public offering after setting the price of its shares at the top of an indicated range, according to a term sheet.

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