Cleary Gottlieb represented Goldman Sachs and BofA Securities, as underwriters, in the initial public offering of MINISO Group Holding Limited (MINISO).
The IPO consisted of an offering of 30.4 million American Depositary Shares, each representing four Class A ordinary shares. The offering priced at $20.00 per ADS on October 14, 2020, and closed on October 19, 2020. The ADSs are listed on the New York Stock Exchange under the symbol “MNSO.”
MINISO is the largest global branded variety retailer of lifestyle products, in terms of the aggregate GMV of products sold through its network in 2019, according to the Frost & Sullivan Report. MINISO opened its first store in China in 2013 and, as of June 30, 2020, it had a network of over 4,200 MINISO stores in over 80 countries and regions.