Daniel Hu Daniel Hu

Selling Shovels and Digging Gold: The Mixue IPO

In a gold rush, sell shovels. But who says you can’t still dig for gold yourself as you sell the shovels? This is a story of how Mixue— the largest bubble tea chain in the world, with more stores than McDonald’s, Starbucks, and Subway— went from selling 1 yuan (about 14 cents) ice cream cones to a blockbuster IPO on the Hong Kong Stock Exchange.

Read More
Daniel Hu Daniel Hu

M&A Back in Motion: Tempur Sealy Clears FTC Hurdles to Acquire Mattress Firm

Deals can be like dominoes—you won’t tip the first one unless you trust the others will fall into place. Over the past few years, that trust has been hard to come by. High-profile deals kept hitting regulatory walls, and buyers became wary of even stepping to the table. Could Tempur Sealy’s win over the FTC signal the start of a new M&A environment?

Read More