Hong Kong’s latest bubble tea IPO mints another billionaire
Guming Holdings' $233 million HK IPO bolstered the value of the stake owned by its millennial founder, Yun’an Wang, to $1.2 billion.
![Hong Kong’s latest bubble tea IPO mints another billionaire](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2198088381-e1739330395805.jpg?w=2048#)
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