Hillhouse Injects $35M As Cornerstone Investor For Xiabuxiabu 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 completed an IPO on the Hong Kong Stock Exchange, raising net proceeds of around HK$1 billion (US$130 million), according to a regulatory filing.

The company offered 227.1 million shares at HK$4.70 per share, the middle of its indicative price range of HK$4.4 to HK$5.0. The float is slightly oversubscribed.

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