Haidilao: Is hot pot giant's $963m IPO target too spicy?

China’s largest hot pot chain puts forward an implied valuation nearly five times that of McDonald’s China and Hong Kong business. It may prove too much for investors to stomach.

Chinese hot pot chain Haidilao is hoping an ambitious expansion plan will whet the appetite of investors as it begins serving up its HK$6.3 billion to HK$7.6 billion ($801 million to $963 million)  Hong Kong IPO.

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