Reinvention
Husband-and-Wife Team Worth $2.2 Billion After Bubble Tea IPO
- Premium tea chain Nayuki raised $656 million in Hong Kong
- But Chinese firm slumped on its first day of trading
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Back in 2014, Peng Xin and her husband, Zhao Lin, pledged their home as collateral for a bank loan to get their fledgling bubble tea business off the ground.
Today, the company they founded, Nayuki Holdings Ltd., is valued at $3.8 billion, even after the stock slumped on Wednesday on its debut in Hong Kong. The couple’s stakes are each worth about $1.1 billion, according to the Bloomberg Billionaires Index.