(Bloomberg) — Miniso Group Holding Ltd., the Chinese budget household and consumer goods retailer, raised $608 million in a U.S. initial public offering priced above a marketed range.The company on Wednesday sold 30.4 million American depositary shares for $20 each after marketing them for $16.50 to $18.50, according to a press release.The company’s backers include Tencent Holdings Ltd., according to its filings with the U.S. Securities and Exchange Commission. Each depositary share will represent four ordinary shares.The listing follows 33 others on U.S. exchanges this year by companies based in China and Hong Kong that raised a combined $9.74 billion, …read more
Source:: Yahoo Finance
