The Tencent-backed retail chain floated well above its range in New York and its shares have risen some 40% post-IPO.

Internet group Tencent scored an exit yesterday when China-headquartered lifestyle product retailer Miniso floated on the New York Stock Exchange in a $608m initial public offering. The IPO consists of 30.4 million American Depositary Shares (ADSs), each representing four common shares, priced at $20.00 each, above the $16.50 to $18.50 range the company had set…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.