Jun 30, 2022 08:28 PM

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.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin China Biz Roundup: New ‘Langya’ Virus Detected in China