[357]

This company holds the title of the world’s largest restaurant chain by number of locations, surpassing McDonald’s and Subway. It also went public in 2025.
Can you name the company?

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Mixue Ice Cream and Tea
Mixue (pronounced mee-schway) is a chain which sells ice cream and tea based drinks known for their affordability. It is primarily based out of China with its logo the Snow King, an internet sensation in the country.
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[126]

How is this imaginary fish related to the world of finance?
red fish

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Draft Red Herring Proposal, a document filed by a company that intends to issue an initial public offering (IPO) in India. The document is named after an expression which means to mislead, which in turn is named after a non-existent fish.
Read More about the original expression.