Chinese bubble-tea chain Naixue Tea eyes IPO
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Chinese bubble tea chain Naixue Tea – also known as Nayuki – is eyeing a listing in the US.
The move could raise around US$400 million in capital, although many important details of the potential offering remain in flux as private discussions continue between the firm and its advisors.
Naixue, which sells fresh fruit tea, cold-brew tea and cheese-tea blends as well as bakery items, operates more than 230 locations within China. The firm was launched in 2010 by Shenzhen Pindao Restaurant Management.
Sources familiar with the transaction asked not to be identified, as the potential listing is still being discussed in private. Any plans may be impacted by the current coronavirus outbreak, which is still having a major effect on business within the country.
Questions & Answers
Q.What kind of products does Naixue Tea sell?
What kind of products does Naixue Tea sell?
Naixue Tea sells fresh fruit tea, cold-brew tea, and cheese-tea blends. They also offer a range of bakery items alongside their beverages, catering to diverse customer tastes.
Q.How many locations does Naixue Tea currently operate?
How many locations does Naixue Tea currently operate?
Naixue Tea operates more than 230 locations. All of these outlets are situated within China, indicating a significant domestic presence before their potential international listing.
Q.What factors might affect Naixue Tea's plans for an IPO?
What factors might affect Naixue Tea's plans for an IPO?
The current coronavirus outbreak is a significant factor that may impact Naixue Tea's plans. Its ongoing major effect on business within China could influence the timing and success of the potential listing.
Q.Who founded Naixue Tea and when was it established?
Who founded Naixue Tea and when was it established?
Naixue Tea was launched in 2010. The company was founded by Shenzhen Pindao Restaurant Management, which established the brand to operate its bubble tea and bakery business.
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