,China

Heytea reportedly eyeing $500m Hong Kong IPO

Plans are understood to be preliminary.

Chinese teahouse chain Heytea has tapped UBS Group AG for a potential Hong Kong initial public offering as soon as next year, Bloomberg reported.

Citing sources familiar with the matter, the company could raise at least US$500 million in an IPO. Plans are understood to be preliminary and other banks that have had discussions with the brand may be added to the lineup.

Other details of the potential IPO such as size and timing could still change.

Read the full report here.

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The centre will consolidate and expand resources to develop new solutions and services using technologies in big data, AI, and others.
China’s biggest hot pot chain embarked on an expansion drive in early 2020 that resulted in an almost-1,600 store network.
Good Food People has a variety of over 150 ingredients.
The chain is celebrating the launch by converting a drive-thru into a ‘haunted’ location.
188 of the digital tokens will be given to some company employees and customers.
It has partnered with Olik to get access to real-time consolidated data.
Domino’s Japan chief executive and president Josh Kilimnik will take on the expanded role of chief executive for APAC.
The concept features a coffee & drinks bar, along with grab & go and grocery options.