Xiabuxiabu Catering Management (China) Holdings Co., Ltd. Completes HK$1,067.4 Million (US$137.7 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering
12.17.14
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The Firm represented Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (“Xiabuxiabu”) in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 227,100,000 ordinary shares, which raised approximately HK$1,067.4 million (approximately US$137.7 million) in gross proceeds. The ordinary shares of Xiabuxiabu are listed on the Hong Kong Stock Exchange. Bank of America Merrill Lynch and Credit Suisse acted as joint sponsors, joint global coordinators, joint bookrunners and joint lead managers.
Xiabuxiabu is a leading fast-casual restaurant operator in China. It offers fast-casual hotpot cuisine and has approximately 420 restaurants throughout China.
The Simpson Thacher team for the transaction included Chris Lin, Christopher Wong, Cora Lei, Howie Farn and Shuyuan Sun (Corporate); and Taylor Alexander (Tax).