MINISO (NYSE: MNSO), the branded variety retailer, has opened its fourth new store within November in India, as it ramps up its brand localization and strengthens its visibility in the market. As the holiday season approaches, the brand will also continue carrying out activities across its store locations, to provide customers with a delightful shopping experience.
FEATURE Shares of (MNSO) jumped nearly 25% on the first day of trading Thursday. Miniso’s stock opened at $24.43 and hit a high of $24.90 before tapering off. Shares were at $22.60 Thursday afternoon, up 13% from the initial public offering.
MINISO Group Holding Limited ("MINISO" or the "Company"), a fast-growing global value retailer offering a variety of design-led lifestyle products, today announced the pricing of its initial public offering of 30,400,000 American Depositary Shares ("ADSs"), each representing four Class A ordinary shares of the Company, at a public offering price of US$20.00 per ADS, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on October 15, 2020, under the ticker symbol "MNSO." The offering is expected to close on October 19, 2020, subject to the satisfaction of customary closing conditions.