Haidilao International Holding Ltd., China’s biggest hot pot restaurant chain, aims to raise between US$700 million to US$1 billion, valuing the firm between US$9 billion to US$12 billion in its initial public offering in Hong Kong, according to Chinese local media citing insiders. The report also said potential cornerstone investors including China Investment Corporation, BlackRock Inc., Fidelity Investments Inc., Hillhouse Capital Group and China Life Insurance Company Ltd, accept such pricing. Haidilao and the above investors did not immediately respond to …

China’s Hotpot Chain Haidilao Reportedly Plans To Raise $700M To $1B In Hong Kong IPO appeared first on China Money Network.