CCH Holdings, a Malaysia-based chain of specialty hotpot restaurants, announced terms for its IPO on Friday.
The George Town, Malaysia-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, CCH Holdings would command a market cap of $96 million.
CCH Holdings is a specialty hotpot restaurant chain, specializing in chicken hotpot under the Chicken Claypot House brand and fish head hotpot under the Zi Wei Yuan brand. The company currently operates or franchises a total of 32 restaurant outlets, including 20 Chicken Claypot House restaurant outlets, four Zi Wei Yuan restaurant outlets, three Chicken Claypot House-Zi Wei Yuan cross-over restaurant outlets, a food court, three restaurant outlets focusing on Teochew-style chicken hotpot under the brand Bibixian, and a restaurant outlet offering Sichuan cuisine under the brand Banbudian Bistro. The company's restaurants are primarily located in Malaysia, with three located in Thailand, Indonesia, and China.
CCH Holdings was founded in 2015 and booked $9 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol CCHH. Cathay Securities is the sole bookrunner on the deal.
