被曝2026年将到港股上市，Manner回应：不予置评

Core Viewpoint - Manner Coffee is reportedly considering an IPO in Hong Kong as early as 2026, aiming to raise several hundred million dollars with a valuation of up to $3 billion [1][3]. Company Overview - Manner Coffee was founded in 2015 in Shanghai and is positioned as a premium coffee chain under Shanghai Yinhai Industrial Co., Ltd [3]. - The brand has attracted significant investment, having completed four rounds of financing between December 2020 and June 2021, with investors including H Capital, Meituan Longzhu, ByteDance, and Temasek [3]. - Manner's main products include latte, espresso, and concentrated coffee, with prices ranging from 15 to 25 yuan [3]. Store Expansion and Market Position - As of November 13, 2025, Manner operates 2,234 directly-operated stores, ranking sixth among coffee brands in terms of store count [3][4]. - The top five brands by store count are Luckin Coffee (27,930 stores), Kudi (15,323 stores), Starbucks China (8,283 stores), Lucky Coffee (5,784 stores), and Nova Coffee (4,252 stores) [4]. - Manner and Starbucks China are the only brands in the top six that operate under a direct sales model [4]. Future Plans - In February, Manner conducted an internal survey regarding franchise intentions, indicating a potential interest in opening up franchising, although no formal plans have been announced yet [3].