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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST

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marcher
To: marcher who wrote (163693)10/14/2020 10:36:40 PM
From: TobagoJack1 Recommendation   of 217738
 
A very strange sort of war, where the enemy at the gate gets funded per win-win protocol even more efficiently than off-shoring out-sourcing

it is as if J6P is outsourcing retirement savings growth

bloomberg.com

Tencent-Backed Retailer Miniso Raises $608 Million in U.S. IPO
Julia Fioretti

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1:14

Miniso Group Holding Ltd., the Chinese budget household and consumer goods retailer, raised $608 million in a U.S. initial public offering priced above a marketed range.

The company on Wednesday sold 30.4 million American depositary shares for $20 each after marketing them for $16.50 to $18.50, according to terms of the deal obtained by Bloomberg News.

The company’s backers include Tencent Holdings Ltd., according to its filings with the U.S. Securities and Exchange Commission. Each depositary share will represent four ordinary shares.

The listing follows 33 others on U.S. exchanges this year by companies based in China and Hong Kong that raised a combined $9.74 billion, according to data compiled by Bloomberg. Despite the coronavirus pandemic, that’s more than double last year’s total of about $4 billion raised in 35 listings.

Read More: Investors Shrug Off U.S.-China Tensions With Miniso: ECM Watch

The offering is being led by Goldman Sachs Group Inc. and Bank of America Corp. The shares are expected to begin trading Thursday on the New York Stock Exchange under the symbol MNSO.

Before it's here, it's on the Bloomberg Terminal.

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