On Friday, Haidilao's overseas subsidiary Tehai International's IPO rose 48% on the first day, reaching a maximum of $29.7
The Zhitong Finance App learned that on Friday, Haidilao's overseas subsidiary Tehai International (HDL.US) opened 48% on the first day of its IPO, reaching a maximum of $29.7. Previously, the IPO issuance price was 19.56 US dollars per ADS. The stock has now been suspended, with a total market capitalization of $1,871 billion.
According to financial data provided by Tehai International, the company's total revenue in 2023 reached US$686.4 million, up from US$558.2 million in the previous year. At the same time, the company successfully turned a loss into a profit. Net profit in 2023 was US$25.3 million, while a loss of US$41.3 million was recorded in the same period in 2022. This performance shows the company's strong growth momentum and good profitability.