Deals
Muji Competitor MINISO to Plan $1 Billion IPO
- Share sale could take place in Hong Kong or the U.S.
- MINISO, founded in 2013, has more than 3,500 stores globally
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MINISO Co., a Chinese budget household and consumer good retailer, is planning an initial public offering that could raise about $1 billion, according to people with knowledge of the matter.
The company is inviting banks to pitch for roles on the proposed offering, the people said, asking not to be identified because the information is private. The share sale could take place in Hong Kong or the U.S., while the timeline is yet to be decided, the people said.