In February, the new tea brand Shanghai Auntie sprinted for the IPO of Hong Kong stocks and became the largest medium-priced freshly made tea shop in northern China.
On February 14, Aunt Shang submitted a listing application to the Hong Kong Stock Exchange, with CITIC**, Haitong International, and Oriental ** International as joint sponsors.
At present, Shanghai Auntie has launched three major brands, "Shanghai Auntie", "Shanghai Coffee" and "Light Enjoyment", providing a range of products, including fresh fruit tea, multi-spice milk tea, light milk tea, yogurt shake and bagged snacks. It aims to bring cost-effective healthy ready-made products to consumers all over China. The main products range from $7 to $22. As of September 30, 2023, Shanghai Auntie had 7,297 stores, covering all four municipalities in China, as well as more than 300 cities in five autonomous regions and 22 provinces. According to CIC, as of September 30, 2023, Shanghai Auntie is the largest medium-priced freshly made tea shop brand in northern China and the third largest medium-priced freshly made tea shop brand in China in terms of the number of stores in the whole system. In terms of the number of cities covered, Shanghai Auntie ranks first among the brands of medium-priced freshly made tea shops in China.
Auntie Hushang went to Hong Kong for an IPO as a new tea brand and became the largest medium-priced freshly made tea shop in northern China, let's look forward to its future development!