China hotpot firm Haidilao tests investor appetite with $1 bln HK IPO [Reuters]
Yum China Holdings, Inc. (YUMC)
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Source: Reuters
China hotpot firm Haidilao tests investor appetite with $1 bln HK IPO | Reuters 4 Min Read HONG KONG, Sept 11 (Reuters) - Haidilao International Holding, one of China’s most popular hotpot chains, is seeking to raise up to $963 million in its Hong Kong initial public offering to fund its international expansion into markets including the UK and Canada. Zhou Zhaocheng, Haidilao’s chief strategy officer, told a press conference in Hong Kong on Tuesday that the company plans to open roughly 200 new restaurants in 2018, between 15 and 20 of which would be outside China. Haidilao already operates in Japan, South Korea, the United States, and Singapore, but Zhou said that it was also planning to tap new markets, in particular the UK, Australia, Canada and Malaysia. The company, which mainly serves spicy Sichuan style hotpot and is popular for the free services and entertainment such as manicures and board games offered to waiting customers, is offering 424 million primary shares in a price
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News
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YUMC
Earnings
- 2/6/24 - Beat
YUMC
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- YUMC's page on the SEC website