Pursuits
Chinese Hotpot Chain Haidilao Said to Consider $300 Million IPO
- Restaurant chain considers share sale as soon as next year
- Haidilao follows Little Sheep, Xiabuxiabu in seeking listing
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Sichuan Haidilao Catering Co., the Chinese hotpot chain offering free manicures to waiting customers, is considering an initial public offering that could raise as much as $300 million, people with knowledge of the matter said.
The Beijing-based restaurant operator has held talks with investment banks about a share sale that could take place as soon as next year, said the people, asking not to be identified as the information is private. Haidilao is considering Hong Kong as a listing venue, though it hasn’t made a final decision, the people said.