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Bubble tea maker Guming's IPO makes Founder Wang a billionaire
short by Pragya Swastik / on 12 Feb 2025,Wednesday
Chinese bubble tea company Guming Holdings' 38-year-old Founder Wang Yun'an has become a billionaire after the company's IPO. Guming Holdings raised $232 million in a Hong Kong IPO, which increased the net worth of its Founder to $1.2 billion, Bloomberg reported. Guming Holdings sells boba tea under the 'Good me' brand name and targets smaller cities and townships.
short by Pragya Swastik / 02:38 pm on 12 Feb
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