The fast fashion retailer has invite banks to apply for roles in the offering, having raised its first external financing in a Tencent-backed round last year.
Miniso, the Japan-headquartered fast fashion brand backed by internet group Tencent, is planning to launch a $1bn initial public offering, Bloomberg reported yesterday, citing people with knowledge of the matter.
The company has invited banks to compete for underwriter roles in the prospective IPO but has not made a firm decision about whether to list in the US or Hong Kong.
Miniso operates more than 3,500 stores that sell affordable own-brand fashion items and accessories in addition to goods such…
