02097 蜜雪集團
MIXUE GROUP
MIXUE GROUP
| Register Close | 2025/02/26 IPO Closing in 2 Days |
| Listing Date | 2025/03/03 |
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IPO Detail
COMPANY PROFILE
MIXUE Group is a freshly-made drinks company. The Group is committed to providing value-for-money products to consumers, including freshly-made fruit drinks, tea drinks, ice cream and coffee, typically priced around RMB6 per item. The Group have two major brands – freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup.
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Through a franchise model, the Group have cultivated a network of over 45,000 stores spanning China and 11 overseas countries as of September 30, 2024. The Group generated revenue mainly from selling store supplies (including ingredients and packaging materials) and equipment to franchisees under its franchise model and its customers primarily include the franchisees who operate franchised stores pursuant to the franchise agreements with the Group.
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The Group is the largest freshly-made drinks company both in China and worldwide in terms of number of stores as of September 30, 2024, according to CIC. In terms of number of cups sold in 2023, the Group is China’s largest, and the world’s second largest freshly-made drinks company. In terms of GMV in 2023, the Group is also China’s largest, and the world’s fourth largest freshly-made drinks company, and it held a market share of approximately 11.3% and 2.2% in China and globally, respectively.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 17.06M H shares |
| No. of International Offer Shares | 15.35M H shares |
| No. of HK Offer Shares | 1.71M H shares |
| Offer Price | $202.50 |
| Stock Code | 2097 |
| Sponsor(s) | Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., UBS Securities Hong Kong Limited |
| Underwriter(s) | Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited, GF Securities (Hong Kong) Brokerage Limited, CMB International Capital Limited |
TIME TABLE
| Application Period | Feb 21 (Fri) - noon, Feb 26 (Wed) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Feb 28 (Fri) |
| Result Announcement Date | On or before Feb 28 (Fri) |
| Result Announcement Date | On or before Mar 03 (Mon) |
| Dealings in Shares commence on | Mar 03, 2025. (Mon) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $202.50 |
| Capitalization | 76.36B |
| NAV / share ($) | $49.04 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 202.5, the net proceeds raised would be HKD 3.29B, of which |
| 66% : Elevating the breadth and depth of its end-to-end supply chain. Expand production capacity in China by building new facilities |
| 12% : Brand and IP building and marketing |
| 12% : Advancing digitalization and intelligization efforts across business processes |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).