The mix of ice cream and tea may not be familiar with most of us but the Chinese company has many outlets than McDonald’s and Starbucks.
On Monday, the parts of the foam tea parts over 40% as they began to sell Hong Kong Stock Exchange.
The company raises $ 444m (£ 352m) to the largest initial financial hub offer (IPO) in the year.
Popularity of mixes come to many people in China the country’s economic challenges – including a property crisis, and weakened consumer and business trust. It sells ice creams and drinks for an average of six Chinese yuan ($ 0.82; £ 0.65).
The company was established in 1997 by Zhang Hongchao, a student at Henan University of Finance and Economics, as a part time job to help finance his family.
The full name of Mìxuě bīngchéng means “Snow joints’, with snow-adorned shops with snowy mascot and play The official tune of the company’s theme to a loop.
According to the mixture, there are over 45,000 stores throughout China and 11 other countries, including Singapore and Thailand. The company also said it plans to continue expanding.
Comparing “over 43,000 locations” for McDonald’s and Starbucks ’40, 576 outlets.
While it’s always visible as the largest bubble bubble in China, and ice cream chain, it works like a field supply than a traditional brand.
Unlike starbucks, acting more than half of its shops directly, almost all of the outlets of the mixture is run by franchisees.
Strongest participation in the mixture of mixture with fewer rival crumpling, which sees about sliding on the first day of sale in February.
Last year, the parts of the owner of the Bubble Tea Chain Chapaidao also dropped to the debut in their market.