Miniso Raises Less Money in its Hong Kong IPO After U.S. Shares Drop

What’s new: Miniso Group Holding Ltd., a New York-listed budget household and consumer goods retailer, said late Wednesday that it had priced its Hong Kong dual primary listing at HK$13.80 ($1.80) per share, representing a discount of 37.6% from the highest price in a range announced earlier.

After deducting underwriting fees and other expenses, the final offering price will enable the Muji challenger to raise HK$476 million by issuing 41.1 million ordinary shares, 90% of which will be sold to investors outside Hong Kong.