Nai Xue's tea said that the listing is not short of money. Nai Xue's tea is a listed company. When will it be listed?

Nai Xue Tea, China's leading high-end new tea brand, was heard by the Hong Kong Stock Exchange on the afternoon of May 20, and cornerstone investors will be identified that night, according to Tencent News "Qianwang".

But for the news, then Nai Xue responded that the market rumors related to the IPO process are false.

Nai Xue said: the company is moving forward with the IPO in an orderly manner and will keep pace with you if there is any further progress, and please follow the announcement approved by the company's regulators.

In addition, at the Foodaily FBIC 2021 Global Food and Beverage Innovation Conference, Naxue's tea founder Peng Xin revealed in an interview: "IPO should be completed soon, and the hearing will be over soon, that is, in the next month or two, we have communicated with investors, and we all agree with the new tea circuit."

It is worth mentioning that in February this year, Naixue's tea submitted a prospectus to the Hong Kong Stock Exchange, and the data showed that as a "veteran" of the new tea, Naisue's tea was in a state of loss.

According to the prospectus, in the first three quarters of 2020, Nai Xue's tea recorded an operating income of 2.11 billion yuan and a loss of 27.51 million yuan, compared with a loss of 69.73 million yuan in 2018 and 39.68 million yuan in 2019. In addition, revenue in the first nine months to September 30, 2020 was 2.11 billion yuan and a loss of 27.51 million yuan.

At the same time, Naixue Tea is a high-end existing tea chain in China and a tea brand focusing on "fruit tea + soft European bag", according to the official prospectus submitted to the Hong Kong Stock Exchange. however, Nai Xue's tea is not satisfied with being a money-making enterprise, its goal is to become a world enterprise like Starbucks.

At this conference, Nai Xue's tea Peng Xin pointed out: the listing is not due to lack of money. The two billion yuan raised last year are still useless. The purpose of wanting to go public is to be able to operate longer, be more open and transparent, and become a company that requires more of itself.

In fact, on February 11 this year, Naxue's tea submitted its prospectus on the Hong Kong Stock Exchange, and its co-sponsors are JPMorgan Chase, China Merchants International and Huatai International. This move indicates that Naxue's tea has officially rushed to IPO, but since then, there has been no further progress in the news of the tea listing.

On May 8 this year, it was revealed that Naixue's tea planned to be heard on May 13. According to the listing process of the Hong Kong Stock Exchange, Naixue may complete its listing in Hong Kong in mid-early June. Industry people said that the news meant that if the hearing passed smoothly, Naixue's tea could be listed in four weeks, but this news was soon denied by Naixue's tea. At that time, Nai Xue's tea also responded that the relevant reports were not true, subject to the company's announcement approved by regulators.

Naixue's tea, founded in 2015, has received five rounds of financing so far, including Tiantu Investment and PAG Pacific Alliance Investment Group. As of the C round of financing at the beginning of this year, Naixue's tea has been valued at nearly $2 billion (about 13 billion yuan).

In terms of store expansion, the total number of tea stores in Naxue has exceeded 500 so far, including the plan to add 200 new tea stores in 2020, and another 200 tea stores in 2021. At the same time, it will also vigorously develop its PRO stores.

Since its inception, Nai Xue's tea has taken "to be the innovator, promoter and leader of Chinese tea to the world" as its brand vision and development goal. On September 29 last year, Naixue Tea announced its goal: Naixue Tea is not satisfied with being a money-making enterprise, its goal is to become a world enterprise like Starbucks, and now it is one of the hottest new tea brands. In the end, whether you can get your own place or not depends on Nai Xue's "ambition".

* Image source: Internet