In today’s briefing:
- MIXUE Group IPO: The Investment Case
MIXUE Group IPO: The Investment Case
- Mixue Group (MIX HK), a world-leading freshly made drinks company, filed for an HKEx IPO to raise US$0.5-1.0 billion.
- Mixue is China’s largest and the world’s second-largest freshly made drinks company, in terms of both the number of stores and cups sold in 9M23, according to CIC.
- The investment case rests on a strong brand, leading market share, high revenue growth, robust cost control, stable profitability and cash generation.
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