Bubble Tea chain greater than Starbucks sees that shares jump in the debut

Mixing ice and tea may be unknown to many of us, but the Chinese company has more sales outlets than McDonald’s and Starbucks.

On Monday, the Bubble Tea Chain stocks rose by more than 40% of their debut in Hong Kong Börse.

The company collected $ 444 million (352 million GBP) in the largest IPO (IPO) of the year of the financial center of the year.

Mixue’s popularity comes apart, just as many people in China with the economic challenges of the country – including a real estate crisis and the weak trust of consumers and the company. It sells ice cream and drinks for an average of six Chinese Yuan ($ 0.82; £ 0.65).

The company was founded in 1997 by Zhang Hongchao, a student at Henan University of Finance and Economics, to help his family finance.

His full name Mìxuě Bīngchéng means “honey -schnee -ice -ice -city”, whereby his shops are decorated with his snow king mascot and games The official themed structure of the company On a loop.

According to Mixue, there are more than 45,000 shops in China and 11 other countries, including Singapore and Thailand. The company has also announced that it will continue to expand.

This is compared to “over 43,000 locations” for McDonald’s and Starbucks ’40 .576 Outlets.

It is often seen as China’s largest bubble tea, ice drinks and ice chain, but it looks more like a raw material supplier than a traditional brand.

In contrast to Starbucks, which operates more than half of its shops directly, almost all outlets are operated by Mixue by franchisees.

The strong market debut from Mixue is in contrast to a smaller competing guming, in which the shares slide on their first trading day in February.

Last year, the shares of the owner of the Bubble Tea Chain Chabaidao also fell on their market debut.