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Chinese budget retailer Miniso files for Hong Kong dual listing

 2 years ago
source link: https://technode.com/2022/04/01/chinese-budget-retailer-miniso-files-for-hong-kong-dual-listing/
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Chinese budget retailer Miniso files for Hong Kong dual listing

by TechNode Feed Apr 1, 2022Apr 1, 2022

Miniso, a Chinese budget retailer already listed in New York, filed for a Hong Kong IPO on Thursday as the US Securities Exchange Commission push ahead with delisting plans for Chinese companies that can’t provide accounting access to the US regulator. Miniso’s dual listing plan comes two years after the Guangdong-based retailer raised $608 million via a New York listing. Miniso is one of the leading Chinese consumer brands to leverage mobile and web-based technology to facilitate online shopping and real-time product and price comparisons. The company said it achieved revenue of RMB 5.4 billion ($851 million) in the six months ended December 2021. Miniso operates more than 5,000 physical stores globally and receives roughly a third of its revenue from international markets. [Miniso filing]

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