Bubble Tea Couple’s Wealth Hits $1.7 Billion on Hong Kong IPO
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China’s bubble tea market is overflowing with rivals and fierce price clashes — yet it’s just produced another billionaire couple.
On Thursday, Auntea Jenny (Shanghai) Industrial Co. started trading in Hong Kong, raising HK$273 million ($35 million) with a listing price of HK$113.12, the top of the range. The stock climbed 53% to HK$172.80 at 12 p.m. in Hong Kong.