Bubble Tea Chain Said to Raise $656 Million in Hong Kong IPO – BNN Bloomberg

(Bloomberg) — Chinese bubble tea chain Nayuki Holdings Ltd. has raised HK$5.09 billion ($656 million) after pricing its Hong Kong initial public offering at the top of a marketed range, according to people familiar with the matter. Nayuki, whose popular fresh-fruit teas include cheese-foam-topped beverages, has priced 257.3 million shares at HK$19.8 each, the people said, asking not to be identified because the information is private. It had marketed the shares at HK$17.2 to HK$19.8 apiece. An external representative for Nayuki declined to comment. The teahouse operator is the latest company to test the waters for a rebounding IPO market…