Goodme is the third “new-style” tea brand to go public, according to the brand.

The third brand, as well as guming, was successfully listed on the hong kong stock exchange (hkex) via ipo on february 12th, less than a year after chapanda became the second-ever “new-style” tea brand to go public on the hong kong stock exchange (hkex) on february 12th.

Goodme's ipo attracted 5 mainstone investors, including chinese tech giant tencent, who died after 6 months.

Goodme's share prices plummeted on tuesday, with 10 hkd (1.28 usd) per share down 0.6% for the first day, and for the first time, it was down 10% on its first day and ended the day at 6.4 percent below issue price.

Both naixue (formerly nayuki) and chapanda) got off to a rocky start on the second day of trading, down 11% at its lowest level on february 13th, and pundits refer to it as the "below issue price curse" of "new-style" tea chains.

Goodme has increased.

However, the fierce competition in the sector and stagnating profits of branches, as well as barriers the chain has faced in the last few years, placing second only to mixue bingcheng.

It is a similar problem to why heytea has and towns in lower-tiered cities and towns.

It is a common problem for "new-style" tea brands.

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