Previous close | 0.0000 |
Open | 2.5589 |
Bid | 1.1300 x 0 |
Ask | 1.6900 x 0 |
Day's range | 2.5589 - 2.6000 |
52-week range | 1.5500 - 3.0000 |
Volume | |
Avg. volume | 509 |
Market cap | 8.726B |
Beta (5Y monthly) | 0.48 |
PE ratio (TTM) | 14.09 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.11 (6.81%) |
Ex-dividend date | 07 June 2024 |
1y target est | N/A |
(Bloomberg) -- Chinese consumers are cutting back on dining out, dealing a heavy blow to related shares as investors grow weary over the once-strong sector and its impact on the domestic economy.Most Read from BloombergCanada’s Immigration Minister Has a Message for Foreign Students: You Can’t All StayUS Floats Tougher Trade Rules to Rein In China Chip IndustryBrookfield Lines Up a 36-Year-Old Rising Star as Next Billionaire CEOHigh-Flying Chipmakers See Worst Plunge Since 2020: Markets WrapBide
After two dismal years, the U.S. IPO market is staging a strong comeback as not only new private companies are listing their stocks, but foreign companies are also choosing U.S. exchanges to debut in the market. Market participants are expecting a strong pipeline of new entrants as the current year progresses on rising hopes of a rate cut in the second half of the year, which is expected to boost sentiment around IPOs. Haidilao, which started in a small town in Sichuan in 1994, has become one of the most popular Chinese cuisine brands in the world.
The IPO price is at a discount of 9.9% from the as-converted last close of Super Hi's Hong Kong-listed shares, and gives the Singapore-based company a valuation of $1.26 billion. Haidilao, which started in a small town in Sichuan in 1994, has become one of the most popular Chinese cuisine brands in the world.