Shares in Mixue—a Chinese ice cream chain with more stores than McDonald’s—jump over 40% after Hong Kong’s largest IPO so far this year
Mixue raised $444 million in its IPO, a blockbuster listing that helps signal a turnaround in Hong Kong's IPO market.
$1 ice cream and billionaire brother founders: Welcome to the biggest fast food chain in the world
The chain, which has over 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.