CHINESE RETAILER MINISO TO RAISE ABOUT $562 MILLION IN IPO
Techlife News|Techlife News #468
CHINESE RETAILER MINISO TO RAISE ABOUT $562 MILLION IN IPO
Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York.

The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades.

The U.S. market remains an attractive place to go public, despite the friction over trade and technology, with Chinese firms raising at least $7.5 billion in initial public offerings in the U.S. this year, according to data compiled by the U.S.-China Economic and Security Review Commission.

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Techlife News #468