Hong Kong husband-and-wife team is worth $2.4 bn after bubble tea IPO

Peng Xin and her husband Zhao Lin's Nayuki Holdings is valued at $3.8 billion, even after the stock slumped on debut.

Back in 2014, Peng Xin and her husband Zhao Lin pledged their home as collateral for a bank loan to get their fledgling bubble tea business off the ground.
 

Today, the company they founded, Nayuki Holdings Ltd., is valued at $3.8 billion, even after the stock slumped on Wednesday on its debut in Hong Kong. The couple’s stakes are each worth about $1.1 billion, according to the Bloomberg Billionaires Index.

“It wasn’t a reckless decision,” Peng, an executive director and the company’s general manager, said in an interview. “We spent almost two years testing our drinks on the street before