Happy City said late Monday that it has priced its initial public offering of 1.1 million Class A shares at $5.00 apiece, with trading on Nasdaq expected to start Tuesday.
The hotpot restaurant operator in Hong Kong said it has granted its underwriters a 45-day option to purchase up to an additional 165,000 shares. It expects to close the offering Wednesday.
Proceeds will be used for business expansion in Hong Kong and Southeast Asia region, working capital and general corporate purposes, according to Happy City.
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