Haidilao International Holding Ltd: Initial Public Offering for Expansion
商品編號：W24090
出版日期：2022/02/16
再版日期：
商品來源：
商品主題：Finance
商品類型：Case (Pub Mat)
涵蓋議題：IPO;valuation;relative valuation;hot pot;restaurant;stock exchange;
難易度：4 - Undergraduate/MBA
內容長度：14 頁
地域：China
產業：Accommodation & Food Services;
事件年度：2018
On September 26, 2018, the Chinese hotpot chain Haidilao International Holding Ltd. launched an initial public offering, during a time of ongoing trade tensions between the United States and China, and started trading of the company’s shares on the Hong Kong Stock Exchange. The Beijing-based company sold 424.5 million shares at HK$17.8 (US$2.27) per share, which was on the high end of the indicative price range. Its price-to-earnings ratio of 30.2 was higher than that of its peers, which ranged from 16 to 27. In addition, the CSI 300 Index, which monitored the performance of 300 stocks on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, was down 27 per cent year-to-date at that time. Another key factor was that the company’s stock would likely be included on the Stock Connect program that enabled access from Mainland China to the Hong Kong Stock Exchange. Investors had an opportunity to value the company at the time of the initial public offering launch and analyze the information provided in the company’s prospectus. Based on their assessment, investors had to decide if the company’s stock was a good investment.
教學手冊：W24091;
補充材料：W24093;W24092;