China hotpotchain Haidilao prices HK IPO at top of the range, raises US$963m: sources

[HONG KONG] Chinese hotpot chain Haidilao raised US$963 million in its Hong Kong initial public offering (IPO), pricing its shares at HK$17.80, three people close to the deal said on Tuesday.

Haidilao, 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, sold about 8 per cent of its enlarged equity capital, giving it a valuation of about US$12 billion.

REUTERS