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Hong Kong restaurant group Man Sang Holdings (MB.US) IPO priced at US$4-5/share, raising US$9mn

Market IntelThursday, Nov 28, 2024 1:40 am ET

1min read

MasterBeef Group,MB.US,an operator of 12 Taiwanese hot pot and barbecue restaurants in Hong Kong,announced IPO terms on Wednesday.It plans to issue 2 million shares at $4 to $5 each,raising $9 million.The company's market capitalization would be $77 million at the midpoint of the proposed price range. MasterBeef is a full-service restaurant group in Hong Kong that specializes in Taiwanese hot pot and Taiwanese barbecue.It operates 12 restaurants under the "Master Beef" and "Anping Grill" brands through its operating subsidiaries. MasterBeef was founded in 2019 and had $67 million in revenue over the 12 months ended June 30,2024.The company plans to go public on the Nasdaq under the symbol MB.Revere Securities is the sole bookrunner for the deal.

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Buffet_fromTemu

11/28

IPO at $4-5? Could be a tasty entry point.

BennyBiscuits_

11/28

$9mn raise isn't huge, but steady revenue growth could mean solid fundamentals. Worth a small position?

Charming_Raccoon4361

11/28

IPOs are like hot pot broth—sometimes you get a flavor bomb, other times it's just broth. 🤔

No-Sandwich-5467

11/28

Taiwanese BBQ in HK? Gotta try the stock.

Paper_Coin

11/28

IPO at $4-5? Might dip first, but growth potential in HK's food scene. 🤔

makeammends

11/28

Taiwanese hot pot in HK? Gotta love the culinary globalization. Might grab some $MB shares for the long haul.

CertifiedWwDuby

11/28

12 restaurants? That's a beefy expansion plan.

Sensitive_Chapter226

11/28

Nasdaq listing is a big deal. Could see some short-term volatility, but long-term hold might pay off.

Historyissuper

11/28

Revere Securities leading the charge, bullish vibes?

Tryingtodoit23

11/28

Hot pot IPO? 🤔 Might just spice up portfolios.

Relevations

11/28

$MB looking juicy, but watch that market cap.

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