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Sichuan Baicha Baidao Industrial Co Ltd (Ticker: 2555 HK) is a China-based company operating in the beverages industry, specifically focusing on the production and sale of bubble tea. The company is set to list on the Hong Kong Exchange on April 23, 2024. Sichuan Baicha Baidao is offering 147.76 million shares at a price of HKD 17.50 each. The expected market capitalization at the offer is HKD 25.86 billion (approximately USD 3.30 billion). The total offer size is HKD 2.59 billion (USD 330.32 million).
The IPO is managed by CCB International Capital Ltd, CMB International Capital Corp Ltd, China International Capital Corp HK Securities, and China Merchants Securities (HK) Co Ltd.