Haidilao’s parent company sees surge in stock price in the US

In 2018, Haidilao International, a Chinese hot pot restaurant chain founded in Sichuan, China, was listed on the Hong Kong stock exchange. The company, which operates under the brand name Haidilao, has become one of the most famous Chinese restaurant brands globally and generates significant revenue. Since then, Haidilao has expanded to 115 locations in 12 countries and is currently valued at over $1.7 billion USD after its first trading session on the Nasdaq in the US.

Founded in 1994 by Zhang Yong and friends, Haidilao started as a small restaurant in Sichuan and quickly became known for its spicy dishes. The company’s unique approach to Chinese cuisine helped change the landscape of Chinese dining. Today, it is listed as the third-largest Chinese restaurant brand in terms of revenue according to a report filed with the US Securities Commission.

Super Hi International, which manages Haidilao’s operations outside China under parent company Haidilao International, recently raised $52.7 million USD through an initial public offering (IPO) by selling nearly 2.7 million shares in the US. After its first trading session on May 17th, Super Hi International was valued at over $1.7 billion USD, indicating a successful IPO that could signal a revitalized US IPO market for both American and foreign companies alike.

Haidilao plans to separate from its parent company and list on the Hong Kong exchange by the end of 2022. Its successful expansion into international markets has made it one of the largest global food chains today. As interest rates are predicted to decrease by the US Federal Reserve later this year, businesses may be more motivated to consider IPOs as a way to raise capital for growth opportunities or debt repayment initiatives.

Overall, Haidilao’s success story demonstrates how innovative business models can change industries while generating significant revenue and growth opportunities for entrepreneurs worldwide.

In summary: In recent years, Haidilao International has become one of China’s most famous hot pot restaurant chains globally and generated substantial revenue through its expansion into international markets since opening its first location in Singapore in 2012.

The company was listed on Hong Kong Stock Exchange (HKEX) in 2018 and is now valued at over $1 billion USD after its initial public offering (IPO) on Nasdaq in May 2023 where it raised $52 million USD through selling nearly 2 million shares.

Haidilao plans to separate from parent company Haidilao International and list on Hong Kong Stock Exchange (HKEX) by end of year 2023.

The success of Super Hi International indicates that there is a revitalized US IPO market with more foreign companies opting to list there alongside American companies.

Lower interest rates are expected to boost businesses’ motivation for IPOs later this year which could lead to more new listings on US stock exchanges like NASDAQ.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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