On Monday, the bubble tea chain's shares jumped by more than 40% in their Hong Kong Stock Exchange debut. The company raised $444m (£352m) in the financial hub's biggest initial public offering (IPO) of the year.

Shares of China's largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.

SYDNEY: Shares of China's largest bubble tea and drinks chain Mixue Group jumped nearly 30 per cent on their first day of trading on the Hong Kong Stock Exchange on Monday (Mar 3) after the firm raised US$444 million in an initial public offering (IPO).