今日，中国最大的休闲食品饮料连锁零售商——湖南鸣鸣很忙商业连锁股份有限公司（以下简称"鸣鸣 很忙"）正式开启全球发售，拟于1月28日在港交所主板挂牌上市，股份代号为01768。鸣鸣很忙计划全 球发售1410.11万股股份，其中国际发售股份约为1269.09万股，香港公开发售股份约为141.02万股。若 以发售价中位数233.10港元计算，扣除相关费用后，公司估计将收取全球发售所得款项净额约31.24亿港 元。鸣鸣很忙本次发行引入8家基石投资者，合计认购金额约1.95亿美元（约15.20亿港元）。基石投资 者包括腾讯、淡马锡（Temasek）、贝莱德（BlackRock）、富达基金（Fidelity），以及泰康人寿、博 时国际、易方达和淡水泉（Springs Capital）等机构，覆盖全球主权财富资金、境内外知名资产管理机 构及消费产业战略投资者。 ...

Core Viewpoint - The article discusses the upcoming IPO of Hunan Mingming Hen Mang Commercial Chain Co., Ltd., which is set to issue up to 76,666,400 shares for listing on the Hong Kong Stock Exchange, marking a significant milestone for the company as it aims to enhance its market position in the snack and beverage retail sector [3][4]. Group 1: Company Overview - Mingming Hen Mang is recognized as the largest leisure food and beverage retail chain in China, operating under the dual brands "Snacks Are Busy" and "Zhao Yiming Snacks" [3]. - The company has achieved a retail sales volume (GMV) of 41.1 billion RMB in the first half of the year, with revenue reaching 28.12 billion RMB and an adjusted net profit of 1.034 billion RMB [4]. - As of mid-2025, the total number of stores has reached 16,783, covering all 28 provinces, 1,327 counties, and all tiered cities in China [4]. Group 2: Financial Performance - By June 30, 2025, the company reported a cash balance exceeding 2.394 billion RMB and a net value of current assets rising to 2.827 billion RMB, indicating strong liquidity and efficient asset turnover [5]. - The net operating cash flow for the first half of 2025 was 1.395 billion RMB, showcasing robust cash generation capabilities [5]. - The inventory turnover days were only 11.7 days, significantly better than the industry average, reflecting effective supply chain management [5]. Group 3: Future Plans and Investments - The funds raised from the IPO will primarily be used to enhance supply chain capabilities, improve product development, upgrade store networks, empower franchisees, and invest in brand building and digital capabilities [5]. - The company has attracted investments from notable firms such as Gao Rong Chuang Tou, Sequoia China, and Black Ant Capital, indicating strong investor confidence [5].