Happy City Holdings, which operates a chain of hot pot restaurants in Hong Kong, raised $6 million by offering 1.1 million shares at $5, the low end of the range of $5 to $7. The company offered 0.1 million more shares than anticipated.
Happy City Holdings operates three all-you-can-eat hotspot restaurants in Hong Kong, which specialize in Thai and Japanese-style hot pot. The company's restaurants are located in Tsuen Wan, Mong Kok, and North Point. Its menu includes a variety of meat, seafood, vegetables, and noodle options, and it offers customers a range of set time limits for dining.
Happy City Holdings plans to list on the Nasdaq under the symbol HCHL. Dominari Securities, Revere Securities, and Pacific Century Securities acted as joint bookrunners on the deal.
