MINISO will soon be listed in the U.S., Tencent holds 5.4%MINISO will soon be listed in the U.S., Tencent holds 5.4%

MINISO publicly submitted a prospectus to the US Securities and Exchange Commission, and plans to raise US$100 million under the stock code "MNSO".

MINISO publicly submitted a prospectus to the US Securities and Exchange Commission, and plans to raise US$100 million under the stock code "MNSO". Tencent's shareholding ratio is 5.4%. The IPO underwriters are Goldman Sachs and Bank of America Securities. The funds raised from MINISO's listing in the United States will be mainly used to expand global stores and retail networks, upgrade warehousing and logistics networks, and further improve digital operation systems.

 

According to the report, MINISO’s GMV reached RMB 19 billion in 2019, with revenue of RMB 9.394 billion.

 

As of June 30, 2020, MINISO’s revenue was 8.979 billion yuan (RMB, the same below), a year-on-year decrease of 4.4%; gross profit was 2.732 billion yuan, an increase of 8.8% year-on-year; operating profit was 767 million yuan, A year-on-year decrease of 24.6%.

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