ACRFF - GreenTree Hospitality Group Updates IPO Filing With Proposed Terms
Quick Take
GreenTree Hospitality Group (GHG) intends to raise $330 million from the sale of its ADSs in a U.S. IPO.
The company operates a franchise-centric network of hotels at various price and amenity levels throughout China.
The firm appears well managed and has produced enviable financial results, however the IPO isn't cheap.
Company Recap
Shanghai, China-based GHG was founded in 2004 to provide mid-scale accommodations in the Shanghai area. The firm has since expanded its lodging concepts to virtually all levels of service and now has hotels in 263 cities in