Country Style Cooking Restaurant Chain highlighted as Renaissance Capital's Featured IPO

Originally a small business operated by a wife-and-husband team, Country Style Cooking Restaurant Chain (CCSC) is now a large fast food chain in China that has rapidly expanded to over 100 locations in less than three years with support from venture firms Sequoia Capital and SIG China. Country Style Cooking offers a wide selection of affordable, Sichuan-style Chinese entrees as well as side dishes, appetizers, beverages and desserts for roughly $2 per meal. The company is able to serve its dishes in under 60 seconds by developing pre-mixed sauce packages in a central location, which are then distributed to restaurant sites where they are added to freshly prepared meals on-site. Country Style Cooking is offering 5 million ADSs at a range of $14-$16, which was raised from its original range of $12-$14, and plans to list on the NYSE under the symbol CCSC. BofA Merrill Lynch and Credit Suisse are the lead underwriters on the deal, which is one of nine scheduled on the IPO calendar for the week of September 27.

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