On October 15, 2020, MINISO Group Holdings Limited ("MINISO" and "Company", stock code: MNSO) officially listed its shares for trading on the main board of the New York Stock Exchange (NYSE). MINISO issued 30.4 million ADS (the portion which is not oversubscribed) at the offering price of USD20 per share, and successfully raised funds in total of USD 608million.
MINISO is a fast-growing global retailer, providing all kinds of design-oriented lifestyle products. Since establishing its first store in China in 2013, MINISO has built "MINISO" and "名创优品" into a world-renowned retail brand. As of June 30, 2020, MINISO had more than 4200 individual stores, including 2500 stores in China, in over 80 different countries and regions. According to research by Frost & Sullivan, MINISO was the largest lifestyle product retailer in the world in 2019.
JunHe has advised MINISO in its capital operation since 2017 and helped it successfully introduce RMB 1 billion strategic investment from Tencent and Hillhouse Capital in 2018. JunHe acted as the PRC legal counsel to the Company in its IPO project. Despite time constraints and the effects of the COVID-19 epidemic, JunHe successfully assisted the company in establishing the red chip structure and the IPO plan demonstration, undertook legal due diligence investigation as well as problem rectification. JunHe reviewed and revised the prospectus, issued legal opinions in respect of PRC law and assisted in answering to the SEC, as well as other related issues, therefore ensuring MNISO’s eventual successful IPO on the NYSE. JunHe has always been rigorous, efficient, meticulous and dedicated in its work, which has been unanimously commended and highly trusted by the client, the underwriters and other intermediaries.