10 Firms Mirror Dow Jones Decline on Monday

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1. Miniso Group Holding Ltd. (NYSE:MNSO)

Shares of Miniso Group on Monday dived by 12.66 percent to end the day at $24.07 each following the company’s announcement of a $550-million equity-linked offer due 2032. According to the company, proceeds from the offer will be used to support operational enhancements, marketing campaigns, global development, and share buybacks.

The shares will bear a 0.5 percent annual interest rate, payable semiannually, with an initial exercise price of HK$64.395 per share, or a 32.5 percent premium over the expected offer price.

Around 50 percent of the net proceeds will be allocated for overseas expansion, supply chain optimization, brand building, and working capital, while the other 50 percent will be used for share repurchases. The securities will be exchangeable for cash from January 14, 2031.

While we acknowledge the potential of MNSO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MNSO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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