MINISO Group Holding Ltd

MINISO Group Holding Ltd (MNSO) priced its initial public offering on Oct 15, 2020 at $20.00 per share, raising $608M, and listed on NYSE. At the IPO price its market capitalization was about $17.75B. Goldman Sachs was lead-left underwriter, joined by BofA Securities. Skadden, Arps, Maples and Calder and JunHe advised the company and Cleary Gottlieb and Jingtian & Gongcheng advised the underwriters.

MINISO Group Holding Ltd is a global value retailer of design-led lifestyle products under the MINISO brand, opened its first China store in 2013. As of June 30, 2020, it had over 4,200 stores, including over 2,500 in China and over 1,680 in more than 80 other countries and regions.

Status

IPO

Ticker

MNSO

Exchange

NYSE

Priced

Oct 15, 2020

IPO price

$20.00

Raised

$608M

Market cap at IPO price

$17.75B

First filed

Sep 23, 2020

Underwriters

Goldman Sachs and BofA Securities

Company counsel

Skadden, Arps, Maples and Calder and JunHe

Underwriters' counsel

Cleary Gottlieb and Jingtian & Gongcheng

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.