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China bubble tea maker Mixue shares surge nearly 30% in Hong Kong trading debut

China bubble tea maker Mixue shares surge nearly 30% in Hong Kong trading debut

FILE PHOTO: People walk past a Mixue Ice Cream & Tea store in Mongkok, in Hong Kong, China February 25, 2025. REUTERS/Tyrone Siu/File Photo

Shares of China’s largest bubble tea and drinks chain Mixue Group jumped nearly 30% on their first day of trading on the Hong Kong Stock Exchange on Monday after the firm raised $444 million in an initial public offering (IPO).