Business
Shares of Chinese retailer Miniso rise in Wall Street debut – Sydney Morning Herald
The discount household goods retailer, which has more than 30 shops in Australia, was the latest Chinese company to list in the US, despite trade tensions that …
The stock opened at $US24.40, and ended Thursday up 4.4 per cent, or 88 US cents, at $US20.88. It had been has high as $US24.90 earlier in the day.
We chose to list in the United States … because many global companies list there, Ye said in a phone interview on Thursday, ahead of the company going public on the New York Stock Exchange.
We are aiming for continuous development of our business model and are not after short-term profit, and we hope the market will see this.
Backed by Chinese g…
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