Hot stuff: Haidilao covers $963m Hong Kong IPO

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By John Loh
10 Sep 2018

Haidilao International Holding, the Chinese hotpot chain, has covered its HK$7.6bn ($962.6m) IPO in Hong Kong thanks to a stellar line-up of cornerstone investors, said bankers leading the trade.

CMB International and Goldman Sachs, the IPO’s sponsors, are marketing 424.5m primary shares in the base deal at HK$14.80-HK$17.80 each. There is a standard 15% greenshoe. The sponsors are also the global co-ordinators alongside CICC.

The price range values Haidilao, the number one ranked Chinese cuisine restaurant ...

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