Haidilao restaurant operator Super Hi surges 46% on U.S. listing debut

Popular Chinese hot pot eatery lists in the U.S., broadening shareholder base

20240517N Haidilao nasdaq

Haidilao restaurant operator Super Hi begins dual listing on the Nasdaq after Hong Kong © Nasdaq

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Super Hi International, the overseas operator of Chinese hot pot chain Haidilao, soared 46% above its opening price in the first hour of trading after it went public on the Nasdaq Friday morning.

Shares peaked at $28.95 per share compared to its initial public offering of $19.56 per share, which raised $52.7 million after the Singapore-based company sold 2.7 million American depositary shares.

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