On 25th Feb, Bloomberg News reported that Naixue’s Tea, also known as Nayuki, one of the biggest bubble tea chains in China, has filed confidentially for a U.S. initial public offering that could raise as much as US$400 million. The firm has been working with advisers on the share sale that could take place as soon as this year; the firm is also looking to raise about US$50 million to US$100 million in a pre-IPO funding round.
The latest statistics show that Naixue’s . . .
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