Core Insights - Eight Horses Tea Co., Ltd. officially listed on the Hong Kong Stock Exchange on October 28, 2023, marking a significant milestone in its capital journey [1][6] - The company issued shares at HKD 50.00 each, with the closing price on the first trading day reaching HKD 93.35, representing an increase of 86.7% and a total market capitalization of HKD 7.935 billion [1][6] - Eight Horses Tea has established itself as a leading brand in China's high-end tea industry, with a network of 3,716 offline stores across all provinces in mainland China [5][6] Company Development - Founded in 1997 by Wang Wenli and his brothers, Eight Horses Tea started from a small shop in Shenzhen and has grown into a major player in the tea industry [5] - The successful listing is the culmination of a 12-year process of capital evolution, transitioning from the New Third Board to multiple attempts at A-share listings, and finally to the main board of the Hong Kong Stock Exchange [6][8] - The company plans to use the funds raised from the IPO for expanding production bases, upgrading its brand, and exploring overseas markets, with a goal of adding approximately 1,000 smart stores in the next three years [6] Industry Impact - The listing of Eight Horses Tea signifies a crucial step for the traditional tea industry in China towards capitalization and internationalization, enhancing the global presence of Chinese culture [8] - The success of Eight Horses Tea serves as an inspiration for other Chinese brands committed to quality and innovation, showcasing the potential for traditional industries to thrive in modern markets [8][10]
热烈祝贺北大汇丰EMBA校友所在企业港股上市！