Miniso Group Holding Ltd, a retailer backed by Tencent holdings, hopes to raise up to $562.4 million in an initial public offering in the US, according to regulatory filings on Wednesday. Mingchuang Youpin said it planned to issue 30.4 million American Depository shares (ads) in the U.S. IPO at an estimated price of $16.5-18.5/ads. Each ADSS will represent four class a common shares. < p > < p > on September 24, mingchuang Youpin officially submitted a prospectus to the US Securities and Exchange Commission with the stock code of “MnSO” and planned to be listed on the New York Stock Exchange. < / P > < p > according to Dealogic data, so far in 2020, companies have raised more than $100 billion in U.S. IPOs, easily exceeding the $62.5 billion in 2019. The report shows that the number of app store purchases soared in the first half of this year due to the impact of covid-19