Nayuki Supreme Cheese Strawberry Blush Mystique
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China Premium Tea Nayuki IPO in Hong Kong, Falls 13.5% on Day 1 with $3.8 Billion Value

2nd July 2021 | Hong Kong

China premium tea Nayuki has IPO on Hong Kong Exchange, with shares falling 13.5% on Day 1 (30/6/21, Wed) with a market value of $3.8 billion.  Nayuki IPO raised $656 million, giving the company a market capitalization of $4.3 billion before the listing.  With Nayuki IPO, founders husband and wife Mr Zhao Lin and Miss Peng Xin became China’s new self-made billionaires with $1.1 billion each (28% shareholding each)

“ Nayuki IPO in Hong Kong, Falls 13.5% on Day 1 with $3.8 Billion Value“

 



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Nayuki Founders, 560 Stores in 70 Cities

Nayuki Supreme Cheese Strawberry Blush Mystique

Over a blind date, Miss Peng Xin shared the business idea of a premium tea to Mr Zhao Lin.  The pair married 6 months later and became business partners.  In 2014, they pledged their property as collateral for a bank loan to kickstart the premium tea business.  In 2015, they launched their 1st outlet in Shenzhen, China.

Today, Nayuki is the leading Chinese new-style tea brand, with its fruit-based cheese teas and soft-euro bakes with more than 560 stores in 70 cities, mainly in China.  In 2020, Nayuki reported revenue of $480 million and net loss of $31.4 million.  

 

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