Busy Ming Group Co., Ltd. (Ticker: 1768 HK) is a Chinese company specializing in the snack and beverage retail sector. Operating under a "value retail model," the company manages a vast network of over 19,500 stores across China, employing a dual-brand strategy with its "Busy for You" and "Super Ming" outlets to offer affordable, high-turnover products. Busy Ming plans to list on the Hong Kong Stock Exchange on January 28, 2026, offering 14.10 million shares at a marketed price range of HKD 229.60 to HKD 236.60 per share.

Through this offering, the company aims to raise approximately HKD 3.34 billion (USD 427.8 million). At the proposed pricing, Busy Ming targets a market capitalization of roughly USD 6.4 billion. The IPO is managed by joint sponsors Goldman Sachs (Asia) and Huatai Financial Holdings, with Deutsche Bank and others acting as underwriters. The listing has reportedly attracted significant backing from cornerstone investors, including Fidelity, Tencent Holdings and Temasek. Recognized as a market leader by GMV in its segment, the company generates a majority of its revenue through sales to its extensive franchise network.