New Stock News | Manner Coffee is considering listing in Hong Kong as early as next year. Its investors include Bytedance and Temasek.

According to media reports, the Chinese coffee chain brand Manner Coffee is considering conducting its first public offering (IPO) in Hong Kong as early as next year. Informed sources revealed that Manner Coffee has been in talks with investment banks about the listing matters, and due to the confidential nature of the information, anonymity is required. The company may seek to raise hundreds of millions of dollars, with a valuation of up to $3 billion. The sources stated that the discussions are still in the early stages, and specific details such as size and timing may still change. In response, Manner Coffee told the media, "The company has no comment on the rumors of a Hong Kong IPO." Public information shows that Manner Coffee was founded in the Jing'an District of Shanghai in 2015, and now has over 2,000 directly operated stores in China. The brand is owned by Shanghai Yinghe Industrial Co., Ltd., with investors including TikTok's parent company, ByteDance Limited, and Singapore's Temasek Holdings Limited. The sources also mentioned that Manner Coffee had considered an IPO in Hong Kong about four years ago. Since then, IPO activity in Hong Kong had been slow, but has become active again in recent years.