A parade of Chinese bubble tea makers are lining up for first-time share sales in Hong Kong and the US, where they are likely to get less regulatory scrutiny than at home.
At least six companies slinging the popular beverage are separately weighing overseas initial public offerings, according to people familiar with the matter. They range from Mixue Bingcheng Co., China’s biggest bubble tea chain, to Zhejiang-based XSQ Tea on the smaller end with 1,600 stores.
