ByteDance-Backed Manner Coffee Is Weighing a Hong Kong IPO – BNN Bloomberg

(Bloomberg) — Manner Coffee, a Shanghai-based cafe chain, is considering an initial public offering in Hong Kong that could raise at least $300 million, people with knowledge of the matter said. The Chinese company has been in discussions with investment banks to explore a listing that could take place as soon as 2022, said the people, who asked not to be identified as the information is private. Deliberations are at an early stage and details of the share sale such as size and timing could still change, the people said. Representatives for Manner Coffee didn't respond to requests for comment….