Miniso, Muji's Chinese rival, is considering an IPO worth up to $1 billion. Convincing investors that its valuation belongs with slick Tokyo peers, not 100-yen stores, will be its next challenge: sharonlamhk
Chinese budget household and consumer goods retailer Miniso is seeking an initial public offering that could raise around $1 billion, Bloomberg reported on June 25, citing sources. Refinitiv publication IFR reported on June 25, citing people with knowledge of the matter, that Miniso was considering raising $500 million with an IPO. The company has not commented.
Tencent and Hillhouse Capital invested 1 billion yuan in 2018. The company also said it aims to enter 100 countries and regions by 2022, with an annual revenue of 100 billion yuan and 10,000 stores worldwide. The market for “variety stores” in the Asia Pacific region was worth $38 billion in 2018, according to Euromonitor International.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German $4 bln lighting bid is radiant enoughBain and Carlyle’s offer for Osram Licht is fairer than the small premium suggests, especially as returns could be humdrum. While the board and investors might have hoped for more, rejecting the deal will leave shareholders stuck with a shrinking company in need of restructuring.
Read more »
Megabrewer plans year's biggest IPO - Reuters TVMegabrewer AB InBev is set for a $9.8bln IPO in Hong Kong, marking the year's biggest share sale so far this year.
Read more »
Wanda’s Ironman IPO could lose a little weightThe triathlon-to-soccer arm of tycoon Wang Jianlin’s empire plans a $500 mln U.S. listing. China's legions of fans and the prospect of the 2022 Olympics in Beijing will be a draw. But a share sale eases only some of its debt load; less burdened rivals may beat it to the finish.
Read more »
Hong Kong rates hit 2008 highs, HK$ rallies before jumbo InBev IPOThe Hong Kong Interbank Offered Rate (HIBOR) rose across the curve on Thursday, ...
Read more »