Super Hi's Shares Surge 38% in Strong US IPO Debut

May 17, 2024, 04:30 PM

Haidilao restaurant operator Super Hi priced its US IPO at $19.56 per share. Following the debut on Nasdaq, Super Hi's shares surged significantly in the US market. Initial reports indicated a 38% increase in share value, while other sources reported a surge of up to 46%. The strong market debut has given the company, which operates the Chinese hotpot restaurant chain Haidilao, a valuation of approximately $1.74 billion.