Restaurant-Operator Happy City Files for IPO

Dow Jones

Mar 18, 2025

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)

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