Two largest hot-pot restaurant chain eye IPO

China’s two largest hot-pot restaurant chain operators are planning to go public as soon as next year to raise about HK$3 billion between them, extending their competition from the dining tables to equity markets.

Little Sheep, arguably the country’s most profitable hot-pot restaurant chain, aims to raise up to HK$2 billion in an initial public offering in Hong Kong while smaller rival Little Lamb is poised to raise up to RMB 1 billion in Shanghai, senior officials told the South China Morning Post.

littlesheep restuarant IPO

Little sheep is becoming particularily popular with folks who have migrated over to the USA from Asian countries and are looking to enjoy Dim-Sum and spicy foods that they might be accustomed too over sees.

Prices vary from $20 – $50 per person, depending on the amount of food you order and side dishes as well. Since the global expansion of the brand, they are consistently opening up new locations for different market segments throughout not only the U.S, but the rest of the world as well.

Locations include the following:

  • Hawaii
  • Illinois
    Chicago (Grand Opening)
  • New Jersey
  • New York & Massachusetts
    Flushing, NY
    Cambridge, MA (Happy Lamb)
  • Northern California
    Union City
    San Mateo
    Mountain View (Grand Opening)
    San Francisco
  • Southern California
    Hacienda Heights
    San Diego
    San Gabriel
  • Texas
    Houston (Bellaire Blvd.)
    Houston (Westheimer Rd.)
    Grand Prairie
    Austin (Coming Soon)
  • Washington & Oregon
    Seattle, WA
    Bellevue, WA
    Beaverton, OR (Grand Opening)

As well canadian locations too:

  • Alberta
  • British Columbia
  • Ontario
    Toronto (Warden Ave)
    Toronto (Downtown)

Great Video about their recent opening in Bellevue Washington

Founded in Baotou and using a franchising business model, both Little Sheep and Little Lamb seek to boost their reserves as they fight for a bigger slice of the food and catering market in their home turf and overseas, such as in North America and Japan.