Caixin
Jun 30, 2022 08:28 PM
BUSINESS

Retailer Miniso Turns to Hong Kong in Hedge Against U.S. Delisting

A Miniso store in Shanghai on Feb. 25. Photo: VCG
A Miniso store in Shanghai on Feb. 25. Photo: VCG

Miniso Group Holding Ltd., an New York-listed Chinese take on Japanese retailer Muji, will go ahead with a second listing in Hong Kong next month, as more Chinese companies seek IPOs in the Asian tech hub to hedge against getting booted from U.S. exchanges.

Miniso aims to sell 41.1 million ordinary shares for as much as HK$22.10 ($2.82) a piece, with 36.9 million destined for investors outside the city.

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