
Mingming Henmang files for IPO as China’s snack wars enter next phase
When shares of Mixue Bingcheng soared past HKD 500 (USD 64) less than two months after its IPO—lifting its market cap to nearly HKD 200 billion (USD 25.6 billion)—a different kind of contender made its move. On April 28, Mingming Henmang, a rapidly growing …