China Tea Chain Chagee Is Said to Consider Hong Kong Listing (1)

Chinese tea chain Chagee Holdings Ltd. is considering a listing in Hong Kong, according to people familiar with the matter, joining a rush of firms being drawn to sell shares in the Asian financial hub.

Chagee is in initial talks with banks about a share sale that may raise several hundred million dollars, possibly this year, the people said, asking not to be identified discussing confidential information. The company already trades in the US, where its initial public offering last year turned Chief Executive Officer Zhang Junjie — aged 30 at the time — into a billionaire.

Deliberations are ongoing ...