- When restaurant chain operator Jiumaojiu International Holdings Ltd. raised funds in its January 2020 Hong Kong IPO, investors were thrilled, oversubscribing to the retail portion of the sale by nearly 200 times.
- At the time, rival Haidilao International Holding Ltd. was as hot as the hotpot meals it served, expanding exponentially.
- Jiumaojiu’s Feb. 22 announcement said it expected to post a profit of at least 330 million yuan ($52 million) last year, up 165.9% or more from 2020.
For further details see:
Jiumaojiu Tastes Success In 2021 On Fast Growth For Its 'Sauerkraut Fish' Chain