鸣鸣很忙(01768.HK)启动招股，拟于1月28日在港交所挂牌上市

Core Viewpoint - Hunan Mingming Hen Mang Commercial Chain Co., Ltd. is set to launch its global IPO on January 20, 2024, with plans to list on the Hong Kong Stock Exchange on January 28, 2024, aiming to raise approximately HKD 3.124 billion [1] Group 1: IPO Details - The company plans to issue a total 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, 2024, and is expected to close on January 23, 2024, at noon [1] Group 2: Investor Participation - The IPO has attracted significant attention from the capital market, featuring a strong cornerstone investor lineup, with total subscriptions amounting to approximately USD 195 million (around HKD 1.52 billion) [2] - Notable investors include Tencent and Temasek, each subscribing USD 45 million, indicating strong confidence in the emerging retail sector and the growth potential of Chinese consumption [2] - Other prominent asset management firms such as BlackRock and Fidelity also participated, showcasing a diverse investor structure that includes sovereign wealth funds and top private equity firms [2] Group 3: Company Performance - Mingming Hen Mang is recognized as the largest leisure food and beverage retail chain in China, with a current operational store count of 21,041 expected by November 30, 2025 [3] - For the nine months ending September 30, 2025, the company's retail sales reached RMB 66.1 billion, reflecting a year-on-year growth of 74.5%, with over 2.1 billion customers served [3] - The company reported a revenue of RMB 46.371 billion for the same period, a 75.2% increase year-on-year, and an adjusted net profit of RMB 1.81 billion, a significant rise 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] - Additionally, 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]