Hong Kong brews up bubble tea listings. But which ones are the sweetest?
By Doug Young & Brent Li
Bubble tea chains Guming and Auntea Jenny took big steps forward on financial markets last Friday, as the Hong Kong Stock Exchange approved the former’s IPO and China’s securities regulator approved a similar IPO by the latter. That pair, together with sector leader Mixue, are all hoping to raise hundreds of millions of dollars by selling investors on China’s bubble tea craze. They will join Chabaidao (2555.HK), which became the first of the country’s top four bubble tea chains to list with its Hong Kong IPO last April.
But how do these four chains stack up against each other? We’ve compiled this series of graphics to illustrate how these four leaders compare to one another in terms of some of their most important metrics, including revenue, store count and profits.
