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Chinese discount retailer Miniso Group Holding prices US IPO above the range at $20

October 15, 2020
MNSO

Miniso Group Holding, a Chinese discount retailer selling branded lifestyle and home goods, raised $608 million by offering 30.4 million ADSs at $20, above the range of $16.50 to $18.50. At pricing, the company raised 14% more in proceeds than anticipated.

Miniso Group Holding plans to list on the NYSE under the symbol MNSO. Goldman Sachs and BofA Securities acted as joint bookrunners on the deal.