Shi Yonghong, founder and executive director of Haidilao. Photo: Bloomberg
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Haidilao is one of China’s most popular hotpot chains. Photo: Reuters
Haidilao, China’s biggest hotpot restaurant chain, has priced its US$963 million Hong Kong IPO at the upper end of the price range at HK$17.8, after the offering was heavily oversubscribed by both retail and institutional investors, according to sources.
The public sale tranche – 9 per cent of the total offering – was overbought more than four times. The international placement tranche, which mainly targets institutional investors, was oversubscribed 20 times.
Chinese toymaker Pop Mart, a Disney, Universal Studios partner, launches US$590 million IPO to fund expansion
- The Beijing-based company plans to sell 135.7 million new shares to global investors, of which 16.3 million shares will be offered to the general public
- Pop Mart is China’s largest and fastest-growing ‘pop toy’ company by retail value last year with a market share of 8.5 per cent, according to Frost & Sullivan
Pop Mart International Group, the largest and fastest-growing pop toy company in China, aims to raise nearly US$590 million from its Hong Kong initial public offering. Photo: EPA-EFE
