Auntea Jenny (Shanghai) Industrial Co., Ltd. (Ticker: 2589 HK) is a China-based company specializing in the manufacturing and distribution of non-alcoholic beverages, including grain tea, milk tea, and freshly squeezed fruit tea, alongside offering catering services. Auntea Jenny plans to list on the Hong Kong Stock Exchange (HKEX), with trading expected to commence on May 8, 2025. The company is offering 2.41 million common shares, priced in the range of HKD 95.57 to HKD 113.12 per share. This IPO aims to raise approximately HKD 272.8 million (equivalent to about $32.4 million USD). Based on the offering information, the company has a reported market capitalization of approximately $1.41 billion USD. The offering consists entirely of primary shares, indicating proceeds will go to the company. CLSA Ltd, CMBC Securities Co Ltd, and China Merchants Securities (HK) Co Ltd are among the managers handling the offering.