Bubble Tea Couple’s Wealth Hits $1.7 Billion on Hong Kong IPO

China’s bubble tea market is overflowing with rivals and fierce price clashes — yet it’s just produced another billionaire couple.

On Thursday, Auntea Jenny (Shanghai) Industrial Co. started trading in Hong Kong, raising HK$273 million ($35 million) with a listing price of HK$113.12, the top of the range. The stock climbed 53% to HK$172.80 at 12 p.m. in Hong Kong.

That gives husband-and-wife founders, Shan Weijun and Zhou Rongrong, a combined net worth of about $1.7 billion, according to the Bloomberg Billionaires Index, which is valuing their wealth for the first time. Their fortune is solely derived from their ...