General Atlantic-Backed Xiabuxiabu Files For HK IPO

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Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has filed with the Hong Kong Stock Exchange for an IPO, according to a regulatory filing.

The size or the pricing of the IPO have not been determined.

Earlier this year, it was reported that Xiaobuxiabu was planning a US$300 million IPO.

In 2012, General Atlantic acquired a majority stake of Xiabuxiabu from emerging markets private equity specialist Actis Capital for an undisclosed amount.

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