The Chinese bubble tea chain seeks to raise as much as US$400 million.
Nayuki is considering going public in the US following its earlier announcement of expanding in the country this year, Bloomberg has reported.
Citing people familiar with the matter, the report said the bubble tea brand, with a value of RMB 6 million (US$865 million), seeks to raise as much as US$400 million.
Besides the US, the Chinese tea company has also eyed to expand in Japan this year.
Nayuki currently runs 400 tea shops across China and three outlets in Singapore.
Read the full report here.
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