Honey Snow Ice City plans to go public in Hong Kong next year, raising approximately $1 billion in funding.
According to market sources, Chinese ice cream and tea chain store, Milk Snow Ice City, plans to conduct an IPO in Hong Kong next year, raising approximately $1 billion (about HKD 7.8 billion) in funds.
According to the latest information from the Zhitong Finance APP, it is reported that the Chinese ice cream and tea chain store, Milk Snow Ice City, plans to conduct an IPO in Hong Kong next year, raising approximately $1 billion (about HKD 7.8 billion). The company has selected Bank of America, Goldman Sachs, and UBS to lead the listing arrangements.
The report indicates that Milk Snow Ice City has decided to go public in Hong Kong because the mainland does not encourage food and beverage companies to list domestically. At the same time, the mainland is also slowing down the pace of large-scale IPOs in order to boost the sluggish stock market.