遇见小面今起招股 拟全球发售9736.45万股H股

Core Viewpoint - The company "Encounter Noodle" is set to launch an initial public offering (IPO) from November 27 to December 2, aiming to issue approximately 97.3645 million H-shares globally, with 10% allocated for public offering in Hong Kong and 90% for international offering, plus a 5% over-allotment option [1] Group 1: IPO Details - The expected price range for each share is between HKD 5.64 and HKD 7.04, with the H-shares anticipated to be listed on December 5, 2025 [1] - Cornerstone investors, including HHLRA, Guotai Junan Securities, Junyi Hong Kong Fund, Shengying Investment, Zeta Fund, and Haidilao Singapore, have committed to subscribe for shares totaling approximately USD 22 million [1] Group 2: Fund Utilization - Assuming a share price of HKD 6.34 and no exercise of the over-allotment option, the net proceeds from the global offering are expected to be around HKD 551.6 million [1] - The allocation of the proceeds includes: 60% for expanding the restaurant network and geographical coverage; 10% for upgrading technology and digital systems; 10% for brand building and enhancing customer loyalty; 10% for strategic investments in potential upstream food processing companies; and 10% for general corporate purposes and working capital [1] Group 3: Company Overview - Encounter Noodle operates as a Chinese noodle restaurant chain, with a presence in mainland China and Hong Kong, comprising 451 restaurants across 22 cities in mainland China and 14 in Hong Kong, with an additional 115 restaurants in preparation for opening [1] - According to Frost & Sullivan data, the company ranks as the fourth largest Chinese noodle restaurant operator in China, holding a market share of 0.5% based on total gross merchandise value in 2024 [1]