Futu News report dated June 30, this Thursday $MNSO (09896.HK)$Announced that the offering will take place from June 30 to July 6. The company plans to issue 41.1 million shares, including 4.11 million shares for public offering and 36.99 million shares for international offering. The maximum issue price per share is HK$22.1, with a minimum board lot of 200 shares, expecting to dual list in Hong Kong on July 13.
The company is a global retailer providing a wide variety of creative home products. Over the nine years since opening its first store in China in 2013, the company has successfully incubated two brands: Miniso and TOP TOY.
According to a Frost & Sullivan report, in 2021, the GMV of products sold through the Miniso store network totaled approximately RMB 18 billion (USD 2.8 billion), making it the largest comprehensive lifestyle home retailer with its own brand globally. TOP TOY, a new brand launched by the company in December 2020, is a pioneer in proposing the concept of a trendy toy collection store. According to the same source, TOP TOY's GMV reached RMB 374 million in 2021, ranking seventh in China’s trendy toy market.
For the fiscal years ended June 30, 2019, 2020, and 2021, the company achieved revenues from continuing operations of RMB 9.395 billion, RMB 8.979 billion, and RMB 9.072 billion respectively. In 20...