Chinese Husband-And-Spouse Duo To become Billionaires Towards the Ripple Tea Strings’s IPO
The brand new married couple about Chinese bubble teas chain Nayuki look place to become billionaires while the providers prepares to visit public within the Hong kong.
Cofounders Peng Xin and you will Zhao Lin, the couple whom created the Shenzhen-depending beverage strings when you look at the 2014, have a tendency to for each has tons of money of at least $step one.step one million considering the stakes inside Nayuki. A spokesperson claims the business does not have any touch upon the fresh new cofounders’ wealth.
The company is looking for to boost to $656 mil by offering 257.step 3 mil offers at a cost range of HK$17.2 in order to HK$19.8 apiece, based on its prospectus. The latest merchandising part of the offering are 190 times oversubscribed. The brand new offering likewise has attracted five cornerstone people and additionally UBS Investment Government, China South Asset Government and you will GF Financing Administration, the newest prospectus shows.