By Sabela Ojea
Happy City filed for an initial public offering with the Securities and Exchange Commission.
The Hong Kong restaurant operator on Monday said that it would offer 1 million class A ordinary shares at a price between $5 and $7 a share.
The company intends to have its units listed on the Nasdaq Capital Market under the symbol HCHL.
The company expects to receive net proceeds from the offering of around $4.1 million, of which half would be used toward opening more hotpot restaurants in Hong Kong and Southeast Asia.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
March 17, 2025 13:43 ET (17:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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