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Top related persons:
Baidao - 1 Frost - 1 Frost & Sullivan - 1 Robert Lui - 1 “ - 1 ” - 1 Laura - 1
Top related locs:
Hong Kong Sichuan Chengdu Taiwan China Hong Dealogic Shanghai
Top related orgs:
Hong - 2 HK - 1 London CNN — - 1 Frost & - 1 China - 1 Franchise Association . Stock - 1 Mixue - 1 Guming Holdings - 1

Search resuls for: "Baidao"


2 mentions found


☆ Shares of Chinese bubble tea firm Chabaidao plunge nearly 40% in Hong Kong debut
  + stars: | 2024-04-23 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: 1 min
Shares of Chinese bubble tea chain Chabaidao tumbled almost 40% on its trading debut on the Hong Kong stock exchange. The stock, officially listed as Sichuan Baicha Baidao Industrial, fell as low as 10.84 Hong Kong dollars in the late morning — about 38% below its IPO price of HK$17.50. The bubble tea firm's IPO was the largest listing in Hong Kong in 2024 so far, with the company garnering net proceeds of HK$2.59 billion from its IPO, before listing expenses, according to its prospectus filed to the Hong Kong exchange. The company said it ranked third in China's freshly made tea shop market in terms of retail sales value in 2023, with a market share of 6.8%
Organizations: Hong, HK Locations: Hong Kong, Sichuan
☆ Bubble tea: ChaPanda shares plunge in Hong Kong IPO
  + stars: | 2024-04-23 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged as low as $10.80 Hong Kong dollars ($1.38) in the first two hours of trading on the Hong Kong stock exchange. Bubble tea (also called “black pearl tea” or “boba tea”) originated in Taiwan in the 1980s, but has since found millions of devotees around the world. In January, two of China’s most popular bubble tea brands, Mixue Group and Guming Holdings, applied for IPOs on Hong Kong’s stock exchange. Another Chinese bubble tea maker, Nayuki, has lost 88% of its stock market value since going public in Hong Kong in 2021. “The overall turnover and valuation of the (Hong Kong) stock market, which depend on the market liquidity, i.e.
Persons: Baidao, Frost, Frost & Sullivan, Robert Lui, “, ”, Laura Organizations: London CNN —, Hong, Frost &, China, Franchise Association . Stock, Mixue, Guming Holdings, Deloitte Locations: Sichuan, Hong Kong, Chengdu, Taiwan, China, Hong, Dealogic, Shanghai, Shenzhen
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