- Joined
- May 16, 2023
- Messages
- 34,314
- Points
- 113
Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
Reuters SGFri, 17 May 2024 at 6:10 am SGT1-min read
May 16 (Reuters) - Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per share.
The Chinese restaurant brand raised $52.7 million by selling nearly 2.7 American Depositary Shares (ADS).
The IPO price is at a discount of 9.9% from the as-converted last close of Super Hi's Hong Kong-listed shares, and gives the Singapore-based company a valuation of $1.26 billion.