Miniso Group Holding Limited, a design-led lifestyle products retailer, has filed Amendment No 1 to Form F-1 Registration Statement on October 7, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $532 million by offering 30.4 million shares at the price range of $16.50 to $18.50. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $5.3 billion.
The company served consumers through their network of over 4,200 MINISO stores, of which it 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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