Deals
Tencent-Backed Miniso Raises $608 Million in U.S. IPO
- China’s Miniso prices IPO above range at $20 per share
- Chinese IPOs in the U.S. more than doubled from 2019
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Miniso Group Holding Ltd., the Chinese budget household and consumer goods retailer, raised $608 million in a U.S. initial public offering priced above a marketed range.
The company on Wednesday sold 30.4 million American depositary shares for $20 each after marketing them for $16.50 to $18.50, according to a press release.