We advised MIXUE on its IPO and HKEX listing

Davis Polk advised MIXUE in connection with its global offering in reliance on Rule 144A / Regulation S and its listing on the Hong Kong Stock Exchange. The gross proceeds from the offering amounted to approximately HK$3.45 billion, assuming the over-allotment option is not exercised.

Boasting over 45,000 stores spanning China and 11 overseas countries as of September 30, 2024, MIXUE is the largest freshly made drinks company both in China and worldwide in terms of number of stores. Through its expansive franchise network, MIXUE provides value-for-money products to consumers, including freshly made fruit drinks, tea drinks, ice cream and coffee.

The Davis Polk corporate team included partners Li He, Jason Xu and Ran Li, counsel - registered foreign lawyer Kevin Zhang, associate Calvin Lam and registered foreign lawyer Yin Wu. Associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Associate Nausherwan Ahmed Aamir provided advice regarding the Investment Company Act of 1940. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

 

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