Chinese hot pot chain Haidilao is hoping an ambitious expansion plan will whet the appetite of investors as it begins serving up its HK$6.3 billion to HK$7.6 billion $801 million to $963 million Hong Kong IPO.
The chain, set to list under the name of Haidilao International, started serving institutional investors on Monday, offering 424.5 million shares 8% of its enlarged share capital on a pre-greenshoe basis at an indicative price range of HK$14.8 to HK$17.8 per share. A retail tranche with 9% of those shares on the menu is set to commence on Wednesday.
As it stands, Haidilao’s...
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