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Why investors are crazy about the IPO of this Chinese restaurant Chinese restaurant chain Jiumaojiu International Holdings Ltd. (09922. coque iphone HK) has drawn strong comment nettoyer bague or et diamant demand for its initial bague or blanc diamant 0.25 public offering, as evidenced by an oversubscription ratio of nearly 200 times and a substantial amount of margin corps de bague or financing extended by brokers. The overwhelming response might have bague or blanc 375 diamant 0.27 ct something to do with hot pot chain Haidilao International Holding Ltd. Haidilao set its IPO price at HK$17.8, which was considered rather pricey. Yet, on the back of its impressive growth, with revenue surging 59 percent and net profit up 41 bague or blanc et quartz percent in the first half of last year, the company share aigue marine bague or rose price surged to HK$33.5 on Tuesday, driving its market value to HK$177.5 billion or nearly double the initial level. Investors are apparently keen to find the next Haidilao, and Jiumaojiu might just be that. Haidilao has bracelet homme 22 cm a network of 593 restaurants as of June last year, and bague or saphir et diamants pas cher its bague or rose avec pierre rose sales revenue reached 11.7 billion yuan (US$1.69 billion) in the first half of last year. coque samsung Jiumaojiu, on the other hand, has 269 outlets across the nation and its revenue reached 1.24 billon bague or tourmaline bracelet homme argent histoire dor rose yuan in the same period. coque samsung On average, each Haidilao restaurant is valued at HK$300 million, compared with Jiumaojiu’s HK$33 million. coque iphone That doesn necessarily suggest that Jiumaojiu is cheaper, and nettoyer une bague or bracelet homme pinterest blanc et diamant there is no guarantee the sauerkraut fish restaurant chain can replicate Haidilao’s bague or blanc saphir 1 carat success. First of all, bague or creuse Jiumaojiu is a lot smaller bague or rubis 2 brillants than Haidilao in average restaurant size, bague or blanc bootleggers bracelet homme et or noir rendering the valuation per restaurant a poor base of comparison. More importantly, the bague or blanc topaze bleu maty popular hot pot chain has bague or gris jean delatour certain characteristics that Jiumaojiu cannot easily auchan bague or emulate. coque iphone A fundamental difference between the two is that hot pot is basically a self service model: customers cook the food themselves, not chefs. coque samsung That is precisely why Haidilao can scale up quickly while maintaining the same standard in each outlet. Jiumaojiu, on the bracelet homme luxe mont blanc other hand, is a traditional eatery, relying on good chefs to maintain the quality of bague or blanc rubis histoire d’or its food. Haidilao enjoys another advantage. Because the chain operator is so popular, its restaurants are often located on the upper floors of shopping malls, where rent is much cheaper. Besides, Haidilao can often negotiate good deals, further driving down collier bracelet homme its rental costs, as malls regard it as a magnet that can draw in more customers to patronize other shops.