Deals
ByteDance-Backed Manner Coffee Is Weighing a Hong Kong IPO
- Cafe chain’s market debut could raise at least $300 million
- Manner Coffee’s share sale could happen as soon as next year
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Manner Coffee, a Shanghai-based cafe chain, is considering an initial public offering in Hong Kong that could raise at least $300 million, people with knowledge of the matter said.
The Chinese company has been in discussions with investment banks to explore a listing that could take place as soon as 2022, said the people, who asked not to be identified as the information is private.