Oct 30, 2025 03:41 PM (GMT+8) · EqualOcean
On October 28, Bama Tea Co., Ltd. (八马茶业) was officially listed on the Hong Kong Stock Exchange, marking a major milestone in the standardization and branding of China’s tea industry. The IPO was heavily oversubscribed — 2,684 times in retail tranche — and priced at HKD 50 per share. On its first trading day, the stock surged 73% to HKD 86.5 at open, pushing the company’s market capitalization beyond HKD 7.35 billion. Founded 28 years ago, Bama Tea has leveraged its nationwide retail network and premium brand positioning to stand out in China’s traditionally fragmented “large industry, small enterprises” tea market, demonstrating a robust business model and strong growth potential.

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