Guming (Ticker: 1364 HK) is a beverage company in China, specializing in bubble tea. The company operates under the brand "Good me", which is China's largest mid-priced freshly-made tea store brand and the second largest across all price ranges in terms of both Gross Merchandise Value and store count as of December 31, 2023. The company primarily operates under a franchise model and focuses on the mid-priced segment of China's freshly-made tea store market, offering fruit tea, milk tea, and coffee beverages.

Guming will list on February 12, 2025, on the HKEX. The firm is selling 158.6 million shares at the price range of HK$8.68-HK$9.94. The expected Market Capitalization at offer is $2.8 billion. The total offer size is $189.63 million. The offering is managed by Goldman Sachs (Asia) L.L.C. and UBS Securities Hong Kong Limited. The IPO has attracted five cornerstone investors that have invested a total of US$71 million, including a wholly-owned subsidiary of Tencent Holdings. Guming plans to use the IPO proceeds to strengthen its information technology team, digitalize its business management and store operations, enhance supply chain capabilities, branding and consumer engagement efforts, and for other general corporate purposes.