A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP
A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP

China’s top retailer Miniso wants to reach ‘every corner of the world’ after New York stock debut

  • Miniso stock began trading in New York with a 22 per cent gain after pricing its US$608 million IPO above indicative range
  • Retailer has lost money in recent two financial years and faces growth challenges brought by coronavirus pandemic

Topic |   IPO
A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP
A Miniso store inside a shopping mall in Beijing on October 15, 2020. The Chinese discount retailer known for its fashionable but affordable household products, raised US$608 million in its New York IPO. Photo: AP
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