Haidilao International Holding 06862.HK

A privately-owned Chinese company, Haidilao specialises in hot pot restaurants. Started in 1994, the popular chain of restaurants operates under the brand name of Hai Di Lao Hot Pot. Also known as Haidilao International Holding Ltd., Haidilao means fortune in Sichuan. The restaurant chain has locations in several Chinese provinces and many countries, including Australia, Canada, England, Japan, South Korea and the United States. Its first American chain was opened in Santa Anita, California.

Haidilao, traded as 6862.HK, went public in 2018 on the Stock Exchange of Hong Kong. The agenda of the IPO was to raise $700 million for expansion purposes. The result of the IPO was Haidilao raising nearly $1 billion, with a cost per share of $2.27. This gave the company a total valuation of $12 billion.

In an interesting twist, Haidilao sets itself apart from competitors by offering waiting customers snacks, board games and even manicures. They are considered a very customer service oriented company, providing variety at relatively affordable prices.

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