Miniso seals $608m NYSE IPO above guidance

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By Jonathan Breen
15 Oct 2020

Chinese discount retailer Miniso Group Holding raised $608m from a successful US listing on Thursday, after pricing the deal above the marketed range.

Miniso, backed by internet company Tencent Holdings, set out to raise between $502m and $562m, offering 30.4m American depository shares (ADS) at $16.50 to $18.50 each. Each ADS represents four class A ordinary shares.

Bank of America and Goldman Sachs were the joint bookrunners and underwriters. They launched ...

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