MIXUE GROUP (02097.HK), a freshly made beverage company, concluded its share subscription at noon on Wednesday (26th), securing HK$1.84 trillion in margin financing from brokers. The offering was oversubscribed by approximately 5,318 times, crowning it the new "frozen funds king" in Hong Kong’s stock market history.

The international placing for MIXUE GROUP also saw enthusiastic demand, foreign media reported, with a plan to close the book-building process a day early at 5 p.m. on Tuesday (25th). Long-position funds and sovereign wealth funds were among the participants.

The company set its IPO price at HK$202.5 per share, with a board lot of 100 shares requiring an entry fee of HK$20,454.22. MIXUE GROUP is slated to list on March 3, with joint sponsors BofA Securities, Goldman Sachs and UBS overseeing the offering.
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