Growing Chongqing noodles brand Xiao Noodles applies for Hong Kong IPO

Chinese restaurant chain Guangzhou Xiao Noodles Catering applied for an initial public offering in Hong Kong, as the sentiment in the city’s new listing market keeps improving.

Xiao Noodles, featuring spicy Sichuan and Chongqing cuisines, is the fourth largest Chinese noodle restaurant operator in China, with 374 outlets in the mainland.

In Hong Kong, the chain opened its first store in Whampoa in May 2024 and now has a total of six outlets in the city.

The proceeds will be used to expand its restaurant network in more cities in the mainland, upgrade its entire restaurant network technology and digital system and make strategic investments and acquisitions in potential companies in the upstream food processing industry, according to the prospectus.

Many mainland food and beverage companies have landed in Hong Kong’s stock market in the past two years, including Xiao Noodle’s peer Xiaocaiyuan (0999), which only inched up 1.86 percent to HK$9.84 since its listing in December 2024. Another restaurant chain Green Tea made its fifth attempt for an IPO in the SAR in the same month.

STAFF REPORTER