Miniso Group Holding Limited, a design-led lifestyle products retailer, has filed Form F-1 Registration Statement on September 23, 2020 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceed raised would up to $1 billion.
The company served consumers through network of over 4,200 MINISO stores, of which its directly operated 129, including over 2,500 MINISO stores in China and over 1,680 MINISO stores across over 80 countries and regions in the rest of the world.
The Guangzhou, China-based company was founded in 2013 and booked $1.3 billion in sales for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol “MNSO.” Goldman Sachs and BofA Securities are underwriters of the IPO.
The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and KPMG Huazhen LLP as Independent Auditor.
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