Staff reporter and Bloomberg

China's largest bubble tea and fresh drinks chain Mixue Group's initial public offering in Hong Kong has pulled in more than HK$1 trillion in margin loans from retail investors in just two days.

This makes it the third largest new listing by the amount of money borrowed through brokerages, behind Ant Group's failed share sale and Kuaishou Technology's (1024) IPO.

Mixue's retail tranche has been oversubscribed by more than 2,928 times since the sale opened on Friday.