Haidilao restaurant operator Super Hi shares rise 38% in US debut (updated)

Haidilao International Holding

17/05/2024 16:30

(Adds share price in paragraph 2, background in paragraph 3-4)
       May 17 (Reuters) - Super Hi International  9658.HK 
 HDL.O  rose 38% in its debut on Nasdaq, giving the operator of
Chinese hotpot restaurant chain Haidilao a valuation of about
$1.74 billion.
    Shares opened at $27 per share compared with the IPO price
of $19.56 per share.
        The Chinese restaurant brand on Thursday raised $52.7
million by selling nearly 2.7 million American Depositary
Shares.
  
        Haidilao, which started in a small town in Sichuan in
1994, has become one of the most popular Chinese cuisine brands
in the world.   
    
    

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by
Vijay Kishore)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))