新股消息 | 鸣鸣很忙(01768)今起招股，腾讯、淡马锡、贝莱德、富达等领衔基石投资

Core Viewpoint - The company, Hunan Mingming Hen Mang Commercial Chain Co., Ltd., is set to launch its global offering and list on the Hong Kong Stock Exchange, aiming to raise approximately HKD 3.124 billion through the issuance of 14.1011 million shares [1] Group 1: IPO Details - The global offering consists of 14.1011 million shares, with approximately 12.6909 million shares allocated for international offering and about 1.4102 million shares for public offering in Hong Kong [1] - The public offering in Hong Kong commenced on January 20 and is expected to close on January 23, with a median offer price of HKD 233.10 per share [1] Group 2: Investor Backing - The IPO has attracted significant attention from the capital market, with a strong cornerstone investor lineup, including eight cornerstone investors committing a total of approximately USD 195 million (around HKD 15.20 billion) [2] - Notable investors include Tencent and Temasek, each subscribing USD 45 million, indicating confidence in the emerging retail sector and the growth potential of Chinese consumption [2] - The participation of leading asset management firms like BlackRock and Fidelity, along with other prominent institutions, highlights a rare and diverse investor structure in recent Hong Kong IPOs [2] Group 3: Company Performance - Hunan Mingming Hen Mang is recognized as the largest leisure food and beverage retail chain in China, with a significant presence of 21,041 stores projected by November 30, 2025 [3] - The company reported a retail sales volume (GMV) of RMB 66.1 billion for the nine months ending September 30, 2025, reflecting a year-on-year growth of 74.5% [3] - Financially, the company achieved revenues of RMB 46.371 billion for the same period, a 75.2% increase year-on-year, with an adjusted net profit of RMB 1.81 billion, marking a substantial growth of 240.8% [3] Group 4: Use of Proceeds - The funds raised from the IPO will primarily be used to enhance supply chain capabilities, product development, store network upgrades, and ongoing support for franchisees [4] - The company plans to invest in brand building, digital transformation, and strategic acquisitions to solidify its leading position in the leisure food and beverage retail sector [4]