By Sabela Ojea
The Great Restaurant Development filed for an initial public offering with the Securities and Exchange Commission.
The company, which mainly operates in Hong Kong, on Friday said it intends to list 2 million ordinary shares at an estimated price of $4 to $6 per share.
The company has applied to list its shares on the Nasdaq Capital Market under the symbol HPOT.
The company expects to receive net proceeds of $6.2 million, most of which it aims to use to expand its restaurant network by opening two to three more restaurants.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
12-06-24 1647ET
