Chinese Milk Tea Chain GoodMe Exploring Hong Kong IPO
- Sequoia China-backed firm could raise up to $500 million
- Other tea chains are also weighing IPOs in Hong Kong
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Chinese milk tea chain Gu Ming is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter.
The Sequoia Capital China-backed company, known as GoodMe in English, has held initial discussions with potential advisers about the listing, the people said, asking not to be identified as the information isn’t public. The offering could raise between $300 million and $500 million, they said.