HONG KONG – Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S.
initial public offering in New York.The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades.
The U.S. market remains an attractive place to go public, despite the friction over trade and technology, with Chinese firms raising at least $7.5 billion in initial public offerings in the U.S.